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Monetary Policy

Monetary policy decisions

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Key rate decisions Summary of the Key Rate Discussion Other
06 June 2025
13:30
Bank of Russia cuts the key rate by 100 bp to 20.00% p.a.
25 April 2025
13:30
Bank of Russia keeps the key rate at 21.00% p.a.
21 March 2025
13:30
Bank of Russia keeps the key rate at 21.00% p.a.
14 February 2025
13:30
Bank of Russia keeps the key rate at 21.00% p.a.
20 December 2024
13:30
Bank of Russia keeps the key rate at 21.00% p.a.
25 October 2024
13:30
Bank of Russia increases the key rate by 200 bp to 21.00% p.a.
13 September 2024
13:30
Bank of Russia increases the key rate by 100 bp to 19.00% p.a.
26 July 2024
13:30
Bank of Russia increases the key rate by 200 bp to 18.00% p.a.
07 June 2024
13:30
Bank of Russia keeps the key rate at 16.00% p.a.
26 April 2024
13:30
Bank of Russia keeps the key rate at 16.00% p.a.
21 May 2025
16:00
Summary of the Key Rate Discussion
11 April 2025
12:00
Summary of the Key Rate Discussion
10 March 2025
18:43
Summary of the Key Rate Discussion
20 January 2025
13:49
Summary of the Key Rate Discussion
18 November 2024
15:24
Summary of the Key Rate Discussion
07 October 2024
11:35
Summary of the Key Rate Discussion
20 August 2024
18:02
Summary of the Key Rate Discussion
02 July 2024
15:33
Summary of the Key Rate Discussion
22 May 2024
17:31
Summary of the Key Rate Discussion
10 April 2024
16:24
Summary of the Key Rate Discussion
10 April 2025
18:10
Bank of Russia to switch to one-week repo auctions
03 April 2025
18:10
Bank of Russia to hold fine-tuning repo auction on 7 April 2025
24 March 2025
18:00
Bank of Russia to hold fine-tuning repo auction on 27 March 2025
25 March 2024
18:52
Bank of Russia to raise coefficients for transactions involving central counterparty from April
18 December 2023
10:51
Bank of Russia to increase limit for SME lending support mechanism
11 September 2023
09:33
Bank of Russia Board of Directors decides to include securities in Bank of Russia Lombard List
16 August 2023
10:42
Bank of Russia amends lending and repayment conditions
14 August 2023
17:07
Bank of Russia Board of Directors to hold unscheduled key rate meeting
13 June 2023
12:46
SME lending support expanded to include OFZ-backed loans
23 May 2023
15:57
Bank of Russia to increase required reserve ratios from June
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Last updated on: 06.06.2025
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