Bank of Russia Unexpectedly Lowers Key Rate to 16.5% From 17% Per Annum - Statement

NAMPA / Sputnik

2025-10-24

MOSCOW, October 24 (RIA Novosti) - The Central Bank of Russia unexpectedly lowered the key rate to only 16.5% from 17% per annum, according to the regulator's statement released on Friday. "On 24 October 2025, the Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 16.50% per annum," the statement read. The bank kept the rate signal neutral, adding that decisions will depend on the sustainability of slowdown in......

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