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俄央行宣布下调基准利率至18%
Zhong Guo Xin Wen Wang·2025-07-25 21:11

Group 1 - The Central Bank of Russia has lowered the benchmark interest rate by 200 basis points to 18% as inflation pressures decrease faster than expected [1] - The Central Bank aims to maintain a tight monetary policy to ensure inflation returns to target levels by 2026, with average benchmark rates projected between 18.8% to 19.6% in 2025 and 12.0% to 13.0% in 2026 [1] - The Central Bank forecasts that under the current monetary policy, the annual inflation rate will decline to 6.0% to 7.0% in 2025 and to 4.0% in 2026, stabilizing thereafter [1] Group 2 - Despite the decrease in inflation risks, the Central Bank notes that medium-term inflation risks remain higher than deflation risks, influenced by long-term deviations from balanced growth and external trade environment deterioration [2] - Geopolitical tensions are highlighted as a significant source of uncertainty that could impact inflation through changes in the ruble exchange rate [2] - The Central Bank previously reduced the benchmark rate from a historical high of 21% to 20% on June 6, 2023, and plans to discuss the next rate level in a meeting on September 12 [2]