The Bank of Russia Cuts Key Rate by 25 bp to 7.25% p.a.

Moscow | 23rd March 2018

On 23 March 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum. Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. The Bank of Russia forecasts annual inflation to be 3-4% in late 2018 and remain close to 4% in 2019. In this environment the Bank of Russia will continue to reduce the key rate and will complete the transition to neutral monetary policy in 2018.

” RUSSIA key rate AT 7.25% IN march 2018″

The Bank of Russia Board of Directors will hold its next rate review meeting on 27 April 2018. The press release on the Bank of Russia Board decision is to be published at 13:30 Moscow time.

Official Press Release by Bank of Russia

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