刚刚！降息100个基点

Group 1 - The Central Bank of Russia has lowered the key interest rate by 100 basis points to an annual rate of 17.00%, which is less than the expected 200 basis points reduction [2][4] - The decision comes amid a slowing economy, with growth in the first seven months of 2025 close to the lower end of the Central Bank's forecast range of 1% to 2% [4][9] - Industrial output growth in July was only 0.7%, significantly below June's 2% and about half of economists' expectations [4][9] Group 2 - The Central Bank stated that underlying inflation indicators have not changed significantly, and it will maintain tight monetary conditions to ensure inflation returns to target levels by 2026 [4][8] - Inflation expectations remain high, influenced by rising fuel prices and a weakening ruble, which pose challenges for further monetary easing [7][10] - The next monetary policy meeting is scheduled for October 24, 2025, where further interest rate decisions will be made based on inflation trends [8][10] Group 3 - Economic activity is showing signs of slowing, with mixed performance across sectors; export-oriented industries are experiencing a notable downturn [9][10] - Despite a tightening labor market, consumer spending has slightly increased, supported by rising household incomes and government spending [9] - Credit activity has improved recently, with significant acceleration in corporate loan growth and some recovery in retail lending [9]