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conditions as tight as required to return
inflation to the target. Further key rate
decisions will depend on the sustainability of
4.0
the decrease
most representative sample in Russia. On average, about 15,000 enterprises of key
types of economic activity took part in the surveys every month in
143
24.11.2025
to establish requirements for the structure and content of a company’s key document. In this document, issuers will provide information not only about their
144
21.11.2025
depositors’ desire to lock in a slight increase in short-term deposit rates after the key rate meetings in September–October.
Preview photo: Pavel Kolyadin / TASS
145
20.11.2025
Bank of Russia outlines key conditions for further development of AI in financial market
20 November 2025
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In Russia, one
AND KEY RATE
• Monetary policy and key rate. On 24 October 2025, the Bank of Russia Board of Directors
decided to cut the key rate
following the key rate meeting on 25 July 2025, the forecast has been
changed as follows.
Key rate. In 2025, the average key rate will
148
18.11.2025
the key rate unchanged at 17.00% per annum;
• cutting the key rate by 50 bp to 16.50% per annum; or
• cutting the key
the key rate unchanged at 17.00% per annum;
• cutting the key rate by 50 bp to 16.50% per annum; or
• cutting the key
made for them. Accrued interest receivable/ The Bank of Russia key rate (hereinafter, the key rate) is an
payable is included in related type of