Russia's Central Bank Slashes Rates for Sixth Straight Time
The Bank of Russia announced the move in an official statement, declaring: "The Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 15.50 percent per annum," while indicating policymakers will evaluate whether additional reductions are warranted at forthcoming sessions.
Monetary authorities acknowledged a relaxation of financial conditions, though the statement clarified that credit availability remains restricted despite the easing measures.
Looking ahead, Russia's central bank projected its policy trajectory through next year, stating: "The baseline scenario envisages that the average key rate will stand at 13.5 to 14.5 percent per annum in 2026."
The consecutive rate cuts signal a sustained shift in Russia's monetary strategy as officials navigate economic pressures while attempting to stimulate growth through more accommodative lending conditions.
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