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Russia's Central Bank Unexpectedly Cuts Policy Rate by 50bps Despite Higher Inflation; May Reduce Further at Next Meetings

BY MT Newswires | ECONOMIC | 02/13/26 08:11 AM EST

08:11 AM EST, 02/13/2026 (MT Newswires) -- Russia's central bank (CBR) Friday said its Board of Directors decided to cut the key rate by 50 basis points to 15.50% as the economy continues to return to a balanced growth path.

The market consensus was for the CBR to remain on hold, wrote Commerzbank in a note before the policy decision.

The CBR "will assess the need for a further key rate cut at its upcoming meetings depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations," the policy statement noted.

In January, price growth accelerated significantly due to one-off factors. However, the CBR added that it estimates that the underlying measures of current price growth haven't changed considerably. After the effect of one-off factors fades, disinflation will continue.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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