Russian central bank cuts interest rate and lifts some restrictions

Effect of sanctions on Russian economy unclear, commentators say

The Bank of Russia

Russia’s central bank lowered its key policy rate by 300 basis points on April 8 and relaxed some of the other emergency measures it had implemented.

The Bank of Russia’s board announced it was cutting its key rate from 20% to 17% with effect from today (April 11). It raised the rate by 1,050 basis points on February 28, two days after the US and many western European countries imposed strict financial sanctions on the country.

The central bank also placed a number of restrictions on foreign

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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