MOSCOW, October 23. /TASS/. The Bank of Russia has decided to keep its key rate at 14%, as current price pressure remains elevated, according to a press release from the regulator.
"On 23 October 2026, the Bank of Russia Board of Directors decided to keep the key rate at 14.00% per annum. The economy as a whole is growing at a moderate pace in 2026 H2. Current price pressures remain elevated. Inflation expectations stay high. According to the Bank of Russia’s estimates, underlying price growth has not yet decreased and remains in the range of 5-6% in annualized terms, primarily due to the impact of a temporary reduction in production capacities in certain sectors. This requires aggregate demand to grow moderately for underlying inflation to resume its decline," the regulator said.
The Bank of Russia notes that it will make further decisions on the key rate depending on the dynamics of inflation and inflation expectations, as well as the analysis of risks posed by domestic and external conditions.