Bank of Russia submits updated draft Monetary Policy Guidelines for 2026–2028 to State Duma
26 September 2025
News
In this strategic document, the Bank of Russia explains its approaches to implementing monetary policy and presents a baseline and three alternative forecast scenarios for the next three years.
Earlier, the draft was submitted for consideration to the Government and the President of the Russian Federation.
Compared to the first draft, this document takes into account the key rate decision made by the Bank of Russia on 12 September 2025 and includes the calendar of key rate decisions for 2026 as well as updated statistical and other data released over the period from 23 August to 18 September 2025.
The list of main changes to the draft published on 2 September 2025.