How Nabiullina explained the preservation of the key rate
The Bank of Russia kept the key rate at 14% per annum. The regulator explained the decision by increased inflation expectations, continuing risks from supply and demand, as well as uncertainty in fiscal policy. The Central Bank expects inflation at the level of 7.1-7.6% in 2026 and raised the forecast of the average key rate for next year to 12.5-13.5%. Analysts believe that the regulator will be cautious about further easing of monetary policy. “Vedomosti” collected the main theses of the statement of the head of the Central Bank Elvira Nabiullina.
The Bank of Russia kept the key rate at 14% per annum. The regulator explained the decision by increased inflation expectations, continuing risks from supply and demand, as well as uncertainty in fiscal policy. The Central Bank expects inflation at the level of 7.1-7.6% in 2026 and raised the forecast of the average key rate for next year to 12.5-13.5%. Analysts believe that the regulator will be cautious about further easing of monetary policy. “Vedomosti” collected the main theses of the statement of the head of the Central Bank Elvira Nabiullina.
