The Bank of Russia has lowered the key rate to 16.5% per annum
At the meeting held on October 24, 2025, the Board of Directors of the Bank of Russia made the decision to lower the key interest rate, marking the fourth consecutive reduction. The rate now stands at 16.5% per annum, which is 0.5 percentage points lower than the previous level. The key interest rate is the minimum percentage at which the Central Bank provides loans to commercial banks and accepts their funds on deposits. Increasing this rate helps combat inflation: more expensive loans lead