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Bank of Russia details consensus to keep key rate at 14 percent

The Bank of Russia published a summary on September 29 of its earlier rate discussion. It reported broad consensus to keep its key rate at 14.00% and a decision not to signal its next move.

Will the Bank of Russia raise, lower, or leave its key rate unchanged at its October meeting? No Change leadsVery likely84%▲ from 66% a week ago

How we got here

  1. A survey reported analysts increased their 2026 inflation forecast to 6.6% and projected an average key rate of 14.5%. Ru
  2. The Bank of Russia Board of Directors held the key rate at 14.00% and projected 2026 inflation at 6.0–7.0%. Ru
  3. The Bank published a rate discussion summary recording broad consensus to keep the key rate at 14.00%. Ru
  4. The Bank of Russia scheduled its next key-rate meeting. Ru

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