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09.01.2026
THE KEY RATE HAS BEEN REDUCED TO 16% PER ANNUM
On December 19, 2025, the Bank of Russia decided to reduce the key rate by 50 bps to 16% per annum.
The Central Bank of the Russian Federation will maintain such tight monetary conditions as are necessary to bring inflation back to its target. According to the forecast of the Bank of Russia, annual inflation will decrease to 4-5% in 2026. In 2027 and beyond, it will be on target level.
The next meeting of the Board of Directors of the Bank of Russia on the level of the key rate is scheduled for February 13, 2026.
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