Both stabilized inflation and ruble exchange rate allowed the Bank of Russia Board of Directors to further cut the key interest rate to 11.50% p.a. on 15 June 2015. The cut was triggered by the fact that Russia's economy was still facing serious downside risks amid lower risks of inflation....

Despite large scale external shocks seen in February-March 2020, there was no spike in inflation in Russia and at the period-end of June, the annual inflation rate came to merely 3.2%. After a short-term price surge, which was observed in MarchApril 2020, downward pressure on prices was exerted...

The Consumer Prices Index (CPI) in September continued to see its growth rates increase, 0.6% up (0.7% up in September 2014). The Russian ruble saw a much slower depreciation in September-October, compared to August, due to some rallies in the oil market. For the first time in five years, banks...

The Bank of Russia's decision to reduce the key rate by 0.50 pp to 6.5% was caused by an inflation slowdown to 3.8% in October 2019 relative to October 2018, with a high probability of its continuing downward movement. In this connection, the Bank of Russia has revised its inflation projections...

Further stabilization of inflation and the ruble exchange rate allowed the Bank of Russia Board of Directors to further cut the key interest rate to 11.50% p.a. on 15 June 2015. The cut was triggered by the fact that Russia's economy was still facing serious risks of a downturn amid weakening...

On 30 April 2015, the Bank of Russia reduced the key interest rate from 14% to 12.5% per annum, noting in this connection that the inflation risks had become less pronounced, but that the risks of a more significant cooling of the economy were still there. By all indications, the RF Central Bank...

Due to the turmoil in the foreign exchange market, the Bank of Russia lifted on the 16th of December the key interest rate up to 17% p.a. in an effort to stop the ruble's rapid depreciation. In December 2014, the consumer price index stood at 2.6% (0.5% in December 2013 ), up 1.3 p.p. above the...

At its Board of Directors meeting in June, the Bank of Russia raised the key rate for the third time since the beginning of the year, by 0.5 p.p. to 5.5% per annum. This decision was caused by an accelerated inflation triggered by reviving demand as the containment measures were being lifted,...

The Consumer Price Index (CPI) in January 2016 advanced 1.0% (3.9% in January 2015) and the January median one-year ahead expected inflation rate increased 0.3 percentage points to 16.7%, reaching the highest value since February 2015 when the median one-year ahead expected inflation rate was...