The Bank of Russia reduced its benchmark interest rate by a quarter basis points on Friday, marking the ninth consecutive cut as inflation stays above the target.
The Board of Directors decided to cut the key rate to 14.25 percent from 14.50 percent, the Russian central bank said. Markets had anticipated a 50 basis-point reduction.
The bank started its massive monetary policy easing in June 2025, when the interest rate stood at 21.00 percent. The key rate has been lowered by 675 basis points in the current easing cycle.
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by Renju Jaya
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