Yo, Check Out the Current Key Rates in Russia! 🌟
The Russian Economic Development Ministry deems the real interest rate excessively high
The Bank of Russia just took a major step by lowering the key interest rate from a hefty 21% down to 20%. This recent move, made on June 6, 2025, marks the first change since April of the same year when the rate was kept steady at 21% [1][3].
Fun fact: this rate was a two-decade high, established back in October 2024 [1][3].
Now, let's break down what this means for the Russian economy:
- In April 2025, the Bank of Russia chose to maintain the key interest rate at 21%, despite easing inflationary pressures. Inflation, though, remained high [4].
- However, with declining inflationary pressures and a gradual return to balanced economic growth, the key rate was reduced to 20% in June 2025 [1][3]. The central bank aims to maintaining tight monetary conditions to reach its inflation target of 4.0% by 2026 [1][3].
The Bank of Russia's decision and the ministry's assessment both aim to reduce inflationary pressures, stabilize the economy, and support economic balance [4]. In other words, they're working hard to get that economy back on track! \m/
Stay tuned for more updates on the Russian economy. \ attitudes; author_heat=-1.328289; client_id=iclient_v8ve49yj; fi_icg=AeXGdGVyIGlzIGhldDsgY2hhbm5dbcGVuZ woods=-1.328289; rscan_id=aHR0cHM6Ly9tZWdhLm56Ly93d3cuZ2UvY29zb25vcnlvdXMvMS9zZXJ2aWNlcy90b2dubGluZS5jb20vc2ovOmNvbnRhaW4tcmVhZG9uLCB3aXRoIHBvc3Qvc2hvdy9kYXRhYmF0ZW50cy8,8,1601955600,864000,-1.0
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The Russian Ministry of Economic Development advocates for easing "monetary conditions, which are currently tight," to prevent economic overheating and support business activities. By reducing inflationary pressures, the Bank of Russia and the Ministry aim to foster financial stability and fuel economic growth.
