February 13, 2026
Central Bank lowered the key rate from 16% to 15.5% per annum
The Central Bank lowered the key rate from 16% to 15.5% per annum. The economy continues to return to a trajectory of "balanced growth," the regulator reported. According to the Central Bank, price growth accelerated significantly in January due to one-off factors. However, stable indicators of current price growth have not changed significantly. After the influence of one-off factors is exhausted, inflation will resume its decline. The Bank of Russia will further assess the relevance of lowering the key rate. The baseline scenario assumes an average key rate of 13.5–14.5% per annum in 2026.
TL;DR
- The Central Bank lowered the key rate from 16% to 15.5% annually.
- The economy is returning to a trajectory of balanced growth.
- January saw accelerated price growth due to one-off factors, but stable inflation indicators remain unchanged.
- Inflation is expected to resume its decline after temporary factors are exhausted.
- Future key rate reductions will be assessed, with an average rate of 13.5-14.5% anticipated for 2026.
Continue reading the original article