A Seventh Central Bank Interest Rate Cut in Russia
March 20, 2026
The other central bank rate decision today involved an as-expected 50-basis point cut in the Central Bank of Russia‘s benchmark to 15.0%, its lowest level since December 2023. From a peak of 21% reached in October 2024 and maintained until June 2025, seven reductions totaling six percentage points have now been made. Russian consumer price inflation has subsided from 10.3% in March 2025 to 5.9% last month, which is a bit less than the drop in the central bank interest rate.
Copyright 2026, Larry Greenberg. All rights reserved.
Tags: Central Bank of Russia
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