{"id":593208,"date":"2026-10-23T14:12:23","date_gmt":"2026-10-23T11:12:23","guid":{"rendered":"https:\/\/reform.news\/?p=593208"},"modified":"2026-10-23T14:15:56","modified_gmt":"2026-10-23T11:15:56","slug":"russian-central-bank-leaves-key-interest-rate-unchanged-for-second-consecutive-meeting","status":"publish","type":"post","link":"https:\/\/reform.news\/en\/russian-central-bank-leaves-key-interest-rate-unchanged-for-second-consecutive-meeting","title":{"rendered":"Russian Central Bank Leaves Key Interest Rate Unchanged for Second Consecutive Meeting"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>The Board of Directors of the Bank of Russia has decided to keep the key interest rate at 14% per annum. This is the second consecutive time the regulator has held the rate unchanged. The last rate cut was in July.<\/p>\n<p>As it did a month ago, the Bank of Russia hinted in its press release at the consequences of attacks on oil refineries.<\/p>\n<p><i>\u201cCurrent price pressures remain elevated. Inflation expectations remain high. According to the Bank of Russia, underlying price growth is not slowing and stands at 5\u20136% on an annualized basis, primarily due to the impact of temporary reductions in production capacity in certain industries. This requires restrained growth in aggregate demand to resume the decline in underlying inflation,\u201d<\/i> the regulator said in a statement.<\/p>\n<p>At the same time, it forecasts further rate cuts in 2027. Under the central bank\u2019s baseline scenario, the average key interest rate next year will range from 12.5% to 13.5% per annum. The Bank of Russia also expects inflation to return to 4% in 2027.<\/p>\n<p>In the third quarter, inflation in Russia stood at 8% after seasonal adjustment, while core inflation rose to 6.2%.<\/p>\n<p><i>\u201cVolatile components, primarily motor fuel, continued to influence price dynamics. Annual inflation stood at 6.8% as of October 19, according to estimates, and is expected to reach 7.1\u20137.6% by the end of the year,\u201d<\/i> the Russian central bank said.<\/p>\n<p>The regulator notes that the economy is growing at a moderate pace. Business sentiment improved slightly in October. Consumer demand growth is slowing but remains elevated. Investment activity continues to recover compared with levels at the beginning of the year.<\/p>\n<p>Russia is Belarus\u2019s main trading partner. The key interest rate in Russia affects borrowing costs in the country and also indirectly influences demand for Belarusian goods, particularly investment goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of the Bank of Russia has decided to keep the key interest rate at 14% per annum. This is the second consecutive time the regulator has held the rate unchanged. The last rate cut was in July. As it did a month ago, the Bank of Russia hinted in its press [&hellip;]<\/p>\n","protected":false},"author":119,"featured_media":572783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/reform.news\/wp-content\/uploads\/2026\/10\/6adb41f21e657.jpg","width":1200,"height":630,"template":"691142dd","mode":"auto"},"_sharing_image_fieldset":{"dTVKfmI95PYT":"Russian Central Bank Leaves Key Interest Rate Unchanged for Second Consecutive Meeting"},"footnotes":""},"categories":[142338,143284,143126],"tags":[],"class_list":["post-593208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-world","category-business"],"wps_subtitle":"","permalink_manager":null,"_links":{"self":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/593208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/users\/119"}],"replies":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/comments?post=593208"}],"version-history":[{"count":1,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/593208\/revisions"}],"predecessor-version":[{"id":593209,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/593208\/revisions\/593209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media\/572783"}],"wp:attachment":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media?parent=593208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/categories?post=593208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/tags?post=593208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}