The Bank of Russia forecasts the average key rate for 2025 at 19.5-21.5% per annum. In 2026, the average rate may be 13-14% per annum, in 2027 7.5–8.5%.This is reported in the updated macroeconomic forecast of the Central Bank regulator.,
On April 25, 2025, the Board of Directors of the Central Bank decided to keep the key rate at 21% per annum.
The Bank of Russia also left unchanged the key rate of 21% per annum on March 21, 2025, February 14, 2025 and December 20, 2024. On October 25, 2024, he raised the key rate to 21% per annum, on September 13 to 19%, and on July 26 to 18% per annum. On June 7, April 26, March 22 and February 16, 2024, the regulator left unchanged the key rate of 16% per annum.
