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03.04.2026
THE KEY RATE HAS BEEN REDUCED TO 15% PER ANNUM
On March 20, 2026, the Bank of Russia decided to lower the key rate by 50 bps to 15% per annum.
The Central Bank of the Russian Federation will assess the advisability of further reduction of the key rate depending on the sustainability of the slowdown in inflation, the dynamics of inflation expectations, as well as the assessment of risks from external and internal conditions. According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will fall to 4.5-5.5% in 2026.
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