Russian central bank holds interest rate steady at 14%

NAMPA / DPA

2026-10-23

Moscow (dpa) - The Bank of Russia left its benchmark interest rate unchanged at 14% on Friday for the second consecutive meeting, in line with market expectations. The central bank has cut rates by a total of 200 basis points so far this year. However, underlying price pressures remain elevated, with inflation running at an annualized rate of between 5% and 6%, the bank said. Annual inflation stood at 6.8% as of October 19 and is expected to reac......

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