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1
19.06.2026
Key Rate Discussion
Commentary on the Medium-term Forecast
20 March 2026
Bank of Russia Board of Directors’ key rate meeting
Press release on the key
2
19.06.2026
key rate meetings
2026 2025 2024
Meeting of the Board of Directors on 19 June 2026
19.06.2026
Bank of Russia cuts the key
3
19.06.2026
Monetary policy decisions
•
Key rate decisions Summary of the Key Rate Discussion Other
19 June 2026
13:30
Bank of Russia cuts the key rate
4
19.06.2026
a higher key rate path than assumed in the April baseline scenario.
The Bank of Russia will assess the need for further key rate cuts
5
19.06.2026
a higher key rate path than assumed in the April baseline scenario.
The Bank of Russia will assess the need for further key rate cuts
6
All indicators
Inflation
Inflation target
4.0%
May 2026
5.3%
Key rate
from 27.04.2026
14.50%
Main indicators of the financial market
7
19.06.2026
called inflation targeting. The main instrument of monetary policy is the key rate. The key rate is the interest rate on loans extended to commercial
9
19.06.2026
day
Bank of Russia key rate less 100 b.p.
Main auctions
(Deposit auctions / Repo auctions)
1 week
Bank of Russia key rate
Fine-tuning auctions
10
19.06.2026
Key Rate
% p.a.
Date Rate
19.06.2026
14.50
18.06.2026
14.50
17.06.2026
14.50
16.06.2026
14.