Bank of Russia keeps its key rate at 14.00% with annual inflation at 6.3%
9 October 2026
The Bank of Russia Board of Directors decided on 11 September 2026 to keep the key rate at 14.00% per annum.
The bank states that as of 7 September 2026 annual inflation stood at 6.3%.
It describes the Russian economy as growing at a moderate pace in the third quarter of 2026.
The Board's next key rate meeting is set for 23 October 2026.
The key rate is the Bank of Russia's main monetary policy instrument.
Key rate:
14.00% per annum
Annual inflation:
6.3%
Next rate meeting:
23 October 2026
Why it matters for exams: Central bank rate decisions of major economies are standard questions in banking and civil service papers.
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In plain words
Key rate Bank of Russia key rate — The main policy rate through which the Bank of Russia steers borrowing costs and inflation.