Core Viewpoint - The Central Bank of Russia has lowered the benchmark interest rate by 50 basis points to 16.5%, marking the fourth rate cut this year, indicating a shift towards a more accommodative monetary policy despite rising inflation risks [1] Group 1: Interest Rate Changes - The Central Bank of Russia has reduced the benchmark interest rate from 20% in June to 16.5% in October, with previous cuts in July (to 18%) and September (to 17%) [1] - This marks the beginning of a monetary easing cycle after nearly three years of maintaining higher rates [1] Group 2: Economic Outlook - The Central Bank stated that the Russian economy is returning to a balanced growth trajectory, with an acceleration in loan growth observed in recent months [1] - However, inflation expectations remain high, and the Central Bank has noted an increase in inflation risks [1] - The GDP growth forecast for Russia in 2025 has been revised down from 1%-2% to 0.5%-1% [1]
【环球财经】俄央行年内第四次降息
Xin Hua Cai Jing·2025-10-24 14:28