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Russia's Central Bank Cuts Key Rate by 100bps to 17.0%; Less Than Expected

BY MT Newswires | ECONOMIC | 09/12/25 08:57 AM EDT

08:57 AM EDT, 09/12/2025 (MT Newswires) -- Russia's central bank (CBR) on Friday said its Board of Directors decided to cut the key rate by 100 basis points to 17.0%.

Russia's central bank disappointed forecasters by cutting by 100bps, noted Scotiabank as the consensus had expected double that amount.

Cumulative easing since it began in June now stands at -400bps with the rate set at 17.0%, pointed out the bank.

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