Financial News: Russia Keeps Key Interest Rate Unchanged

Russia Keeps Key Interest Rate Unchanged

09/11/2026 - 09:12:00 (RTTNews)

(RTTNews) - The Bank of Russia retained its interest rate after series of rate reductions, as Ukraine drone attacks on oil refineries pushed up inflationary pressures.

The Board of Directors decided to hold the key rate at 14.00 percent, as widely expected.

The bank started its massive monetary policy easing in June 2025, when the interest rate was 21.00 percent.

The board noted that underlying price growth accelerated to 5-6 percent in annualized terms, primarily due to the impact of a temporary reduction in production capacities in certain sectors.

Given the monetary policy stance, annual inflation was estimated at 6.0-7.0 percent in 2026. Inflation is expected return to 4.0 percent in 2027 and to stay on target further on.

Policymakers observed that inflation expectations remain elevated which is likely to impede a sustained slowdown in inflation.

"Taking into consideration the dynamics of inflation expectations, the overall tightness of monetary conditions has decreased slightly in real terms," the bank said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Falls More Than Expected In October (03 hr(s), 32 min(s), 54 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has deteriorated by more than expected in the month of ...Full Story»

Brazil Inflation Rises To 4.58% In September (03 hr(s), 31 min(s), 54 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation accelerated in September to the highest level in ...Full Story»

Portugal Trade Deficit Narrows In August (05 hr(s), 02 min(s), 54 sec(s) ago)
(RTTNews) - Portugal's foreign trade shortfall decreased in August from a year ago, as exports ...Full Story»

Swiss Consumer Confidence Rises Slightly In September (06 hr(s), 01 min(s), 54 sec(s) ago)
(RTTNews) - Consumers in Switzerland remained marginally less pessimistic in September, survey dat ...Full Story»

Turkey Industrial Output Falls 1.9% (06 hr(s), 30 min(s), 54 sec(s) ago)
(RTTNews) - Turkey's industrial production declined in August due to the contraction in manufa ...Full Story»

Lithuanian Trade Gap Narrows In August (06 hr(s), 38 min(s), 54 sec(s) ago)
(RTTNews) - Lithuania's foreign trade deficit decreased in August from a year ago as exports g ...Full Story»

Romania Q2 GDP Contracts Less Than Estimated (06 hr(s), 54 min(s), 54 sec(s) ago)
(RTTNews) - Romania's economy shrank for the second straight quarter in the three months endin ...Full Story»

Japan Machine Tool Orders Surge 60.4% In September (08 hr(s), 06 min(s), 54 sec(s) ago)
(RTTNews) - Japan's machine tool order growth remained sharp in September despite easing since ...Full Story»