Russian Central Bank Lowers Key Rate From 14.25% to 14%
Russian Central Bank Lowers Key Rate From 14.25% to 14% July 24, 2026 Elvira Nabiullina, Governor of Russian Central Bank. REUTERS / Anastasia Barashkova Russia's Central Bank lowered its key interest rate from 14.25% to 14% on Friday as it continues down a cautious path of monetary easing despite concerns that Ukrainian attacks on Russian oil refineries and commercial sites will fuel a renewed inflation surge. While some analysts had predicted a "cosmetic" lowering, others leaned toward the possibility of the Central Bank leaving its key rate unchanged due to disruptions to domestic oil refining capacity and higher fuel costs, as well as a tightening labor market.
- ▪Russian Central Bank Lowers Key Rate From 14.25% to 14% July 24, 2026 Elvira Nabiullina, Governor of Russian Central Bank.
- ▪REUTERS / Anastasia Barashkova Russia's Central Bank lowered its key interest rate from 14.25% to 14% on Friday as it continues down a cautious path of monetary easing despite concerns that Ukrainian attacks on Russian oil refineries and co
- ▪While some analysts had predicted a "cosmetic" lowering, others leaned toward the possibility of the Central Bank leaving its key rate unchanged due to disruptions to domestic oil refining capacity and higher fuel costs, as well as a tighte
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Russian Central Bank Lowers Key Rate From 14.25% to 14% July 24, 2026 Elvira Nabiullina, Governor of Russian Central Bank. REUTERS / Anastasia Barashkova Russia's Central Bank lowered its key interest rate from 14.25% to 14% on Friday as it continues down a cautious path of monetary easing despite concerns that Ukrainian attacks on Russian oil refineries and commercial sites will fuel a renewed inflation surge. The 25-basis-point cut was not guaranteed. While some analysts had predicted a "cosmetic" lowering, others leaned toward the possibility of the Central Bank leaving its key rate unchanged due to disruptions to domestic oil refining capacity and higher fuel costs, as well as a tightening labor market.
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