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Russian Federation Interest Rate
Last Release
Jul 25, 2025
Actual
18
Units In
%
Previous
20
Frequency
Daily
Next Release
Sep 12, 2025
Time to Release
1 Months 14 Days 10 Hours
Highest | Lowest | Average | Date Range | Source |
21 Oct 2024 | 4.25 Jul 2020 | 8.12 % | 2003-2025 | Central Bank of Russia |
In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. From September 16th of 2013, the official interest rate is the one-week auction repo rate. Until September 15th of 2013, the official interest rate was the refinancing rate, which was seen as a ceiling for borrowing money and a benchmark for calculating tax payments.
Latest Updates
The bank of Russia cut its benchmark interest rate by 200 basis points to 18% on its July 2025 meeting, in line with median market expectations, and signaled that it will likely deliver another rate cut this year. The central bank noted that disinflationary pressures have developed at a strong magnitude than expected in the last policy decision in June, warranting looser financial conditions to attend to growth concerns. The lates data showed that annual inflation was at 9.4% in June, compared to the Besides disinflation, the CBR stated that the impact of restrictive borrowing costs is becoming more apparent due to the appreciation of the ruble and slower household consumption. Additionally, signs of a softening labor market continued despite the persistent shrinkage of the labor force, largely due to Putin’s military mobilization triggered a diaspora of working-aged men.
Russian Federation Interest Rate History
Last 12 readings