Skip to main content

Bank of Russia cuts rates to record low

Governor argues monetary stimulus will offset fiscal consolidation efforts in 2021–22

Elvira Nabiullina
Elvira Nabiullina
Kremlin

The Bank of Russia continued its easing cycle in a bid to offset deflationary pressures and dampen the impact of the government’s fiscal consolidation plan.

The institution’s board of directors decided today (July 24) to reduce the key rate by 25 basis points to a record low of 4.25%. Since July 2019, the Russian central bank has reduced rates by 300 basis points, a process accelerated by the Covid-19 crisis.

“The recovery of the global and Russian economies will be gradual despite the fact

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.