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28.02.2025
BANK OF RUSSIA AGAIN LEFT THE KEY RATE AT 21%
On February 14, 2025, the Bank of Russia decided to keep the key rate at 21% per annum.
The achieved tightness of monetary conditions creates the necessary prerequisites for resuming the disinflation process and returning inflation to the target in 2026. The Central Bank of the Russian Federation will assess the advisability of raising the key rate taking into account the speed and sustainability of the decline in inflation. According to the Bank of Russia's forecast, annual inflation will decrease to 7-8% in 2025 and return to 4% in 2026.
The next meeting of the Board of Directors of the Bank of Russia on the key rate is scheduled for March 21, 2025.
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