Bank of Russia cuts policy rate as oil and pandemic crises deepen

Elvira Nabiullina
Bank of Russia governor Elvira Nabiullina

The monetary policy committee of Russia’s central bank lowered its policy rate and said further cuts were possible, as it tries to deal with several growing economic crises.

The Bank of Russia’s monetary policy committee cut the one-week repo rate by 50 basis points on April 24, in its second cut of the year. It decided not to lower the rate at its previous meeting on March 20. 

Governor Elvira Nabiullina said the central bank had made a “radical revision of our view on economic development

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: