24 April 18:28
The Central Bank of Russia decided to reduce the key rate. Now it is 14.5%.
“According to current data, the Russian economy slowed down in the 1st quarter of 2026, including due to adjustment to the tax changes that have occurred. Fewer working days and unfavorable weather conditions also had an impact. Investment activity remains subdued. The trend towards a slowdown in consumer demand growth continues, despite some recovery in March. Given that, that the dynamics of economic activity in the 1st quarter of 2026 is largely due to one-time factors, the forecast for GDP growth in 2026 was maintained at 0.5-1.5%,” the Central Bank said in a statement.
At the same time, indicators of sustainable price growth have not yet decreased and, according to the Bank of Russia, remain in the range of 4–5% in annual terms.
The Bank of Russia does not rule out a further reduction in the key rate. This may happen at the next meetings and will depend on the sustainability of the slowdown in inflation, the dynamics of inflation expectations, as well as on the assessment of risks from external and internal conditions. The base scenario assumes an average key rate in the range of 14.0–14.5% per annum in 2026 and 8.0–10.0% per annum in 2027.
Related links:
- The governor of the Krasnoyarsk Territory called for prudent spending of the budget
- Krasnoyarsk Territory took second place in cash turnover in Siberia
