Business

Russian Central Bank Cuts Key Rate Despite Inflation Pickup

Published

2 hours ago

on

Russia’s central bank Friday cut its key interest rate for a tenth straight meeting, despite raising its forecast for inflation to reflect Ukraine’s drone attacks on Russian oil refineries.

The Bank of Russia lowered borrowing costs to 14% from 14.25%, down from a 2025 peak of 21%.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Related Topics:

You must be logged in to post a comment Login

Leave a Reply

Cancel reply

Trending

Exit mobile version