Bank of Russia raises rates and inflation forecasts

Bank of Russia
The Bank of Russia

Russia’s central bank raised its policy rate for the sixth time this year, warning it might raise rates again to prevent sustained rise in inflation.  

The Bank of Russia’s board of directors raised its key rate by 75 basis points to 7.5% on October 22. This followed rises of 25bp in September and 100bp in July.  

“Inflation is developing substantially above the Bank of Russia’s forecast and is expected to be within the range of 7.4–7.9% at the end of 2021,” it said in a statement.  


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: