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Russia's Central Bank Cuts Key Rate by 50bps to 16.50%, Less Than Expected

BY MT Newswires | ECONOMIC | 10/24/25 07:25 AM EDT

07:25 AM EDT, 10/24/2025 (MT Newswires) -- Russia's central bank (CBR) Friday said its Board of Directors decided to cut the key rate by 50bps to 16.50%, as inflation expectations remain "high."

The rate reduction was less than the median consensus expectation for a 100bps cut, provided by Commerzbank, although the bank pointed out that some forecasters anticipate the rate being left unchanged.

"Inflation expectations remain elevated," wrote CBR in its policy statement. "This may impede a sustainable slowdown in inflation."

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