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Russian cenbank cuts key interest rate to 14.25% from 14.5% - Finance news and analysis from Global Banking & Finance Review
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Russian cenbank cuts key interest rate to 14.25% from 14.5%

Published by Global Banking & Finance Review

Posted on June 19, 2026

1 min read

· Last updated: June 19, 2026

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Russia’s Central Bank Reduces Key Interest Rate to 14.25% from 14.5%

Central Bank Announces Interest Rate Cut

Official Statement Released

MOSCOW, June 19 (Reuters) - Russia’s central bank on Friday cut its key interest rate to 14.25% from 14.5 %, the bank said in a statement on its website.

Reporting and Contact Information

(Reporting by Moscow Newsroom) ((Moscow Newsroom, +7 495 775 1242, e-mail: Moscow.newsroom@thomsonreuters.com))

Key Takeaways

  • The cut to 14.25% marks the latest in a cautious downward trajectory since rates peaked in 2024, following a sequence of cuts: to 16% in December 2025, to 15.5% in February, and to 14.5% in April. (investing.com)
  • Despite the easing of inflation—with headline rates around 5.7% by April and forecasts pointing toward 4.5–5.5% in 2026—inflation expectations remain elevated, and underlying price pressures persist, prompting a cautious approach. (finance.yahoo.com)
  • Russia’s economy remains fragile: growth forecasts are modest (around 0.5–1.5%), with risks of stagnation or technical recession, and ongoing sanctions and high borrowing costs continue to weigh on investment and business activity. (investing.com)

References

Frequently Asked Questions

What is Russia’s new key interest rate after the latest cut?
The new key interest rate set by Russia’s central bank is 14.25%.
By how much did Russia’s central bank lower its key interest rate?
The bank lowered the rate by 0.25%, from 14.5% to 14.25%.
When was the interest rate cut announced by Russia’s central bank?
The interest rate cut was announced on June 19.
Where was the statement about the interest rate cut published?
The statement was published on the Russian central bank’s website.

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