The Central Bank of the Russian Federation

Ensure price and financial stability and promote conditions for sustainable economic growth

The Bank of Russia
cuts the key rate
by 25 bp
to 14.00% p.a.

Press conference
following Board of Directors’
monetary policy meeting

July 24 2026

The Central Bank of the Russian Federation

Ensure price and financial stability and promote conditions for sustainable economic growth

The Bank of Russia
cuts the key rate
by 25 bp
to 14.00% p.a.

Detail

Press conference
following Board of Directors’
monetary policy meeting

Inflation target

4.0%

Inflation

June 2026

6.0%

Key rate

from 27.07.2026

14.00%

from 22.06.2026

14.25%

Board of Directors’ next key rate meeting

11.09.2026

RUONIA

23.07.2026

14.03%

Exchange rates

23.07.2026

24.07.2026

CNY, 1¥

11.5782 ₽

11.5826 ₽

USD, 1$

78.4756 ₽

78.4049 ₽

EUR, 1€

89.6034 ₽

89.4443 ₽

All indicators

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