Economic
Russia Cuts Key Interest Rate to 15% in March 2026
The Bank of Russia reduced its key policy rate by 50 basis points to 15% in March 2026, marking the seventh consecutive cut from the 21% peak in 2024.
On March 20, 2026, the Bank of Russia lowered its key interest rate from 15.5% to 15%, aligning with market expectations and continuing a gradual easing campaign after inflationary pressures began to ease. The central bank cited improving underlying inflation indicators and a more balanced growth path as reasons for the reduction. This move is intended to support economic activity while still maintaining relatively tight monetary conditions compared to pre‑crisis levels. The latest cut follows a series of six prior reductions since the rate reached a 21% high in 2024, driven by military spending and labor market tightness. The decision reflects a cautious stance as the Russian economy continues to adjust to sanctions and structural constraints.
- Status
- active
- Location
- Moscow, Russia
- Date added
- 2026-03-23 00:51 UTC
- Last updated
- 2026-03-23 00:51 UTC
- Source
- The Moscow Times
- Connected threats
- Not provided