Russia’s Central Bank Pauses Rate Cuts at 14% as Inflation Persists
Russia’s central bank held its key rate at 14% on Sept. 11 after 10 cuts, citing fuel-related costs, elevated expectations and tight labor conditions.
Bank of Russia
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Russia’s Fuel Shock Complicates the Bank of Russia’s Rate Path
A reported gasoline shortfall is testing Russia’s cautious rate policy as fuel costs threaten inflation, logistics, business financing and growth.
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Russia’s Bank of Russia Publishes Rate Discussion After Cutting Key Rate to 14%
The Bank of Russia’s Aug. 5 policy materials follow its July 24 decision to cut the key rate by 25 basis points to 14%, while the central bank continues to flag inflation expectations, wage growth and geopolitical pressures.
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Russia’s Central Bank Slows Rate Cuts as Inflation Risks Persist
Russia’s central bank cut its key rate to 14%, but higher fuel costs, inflation expectations and weaker growth are keeping borrowing conditions tight.