Bank of Russia cuts rates and warns of slowing growth

Bank of Russia
The Bank of Russia
Kuba/Wikimedia

Russia’s central bank lowered its policy rate for the second time this year on July 26, warning of slowing GDP growth.

The Bank of Russia’s board, which acts as its monetary policy committee, cut the one-week repo rate by 25 basis points to 7.25%. The board said in a statement that while Russian inflation was continuing to slow down, “inflation expectations remain elevated”. This latest decision followed the central bank’s earlier 25bp cut on June 14.

The board said it might further ease

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: http://subscriptions.centralbanking.com/subscribe

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: