The Central Bank of Russia has reduced its key interest rate by 25 basis points, a move that will impact the calculation of interest deductions and penalties on overdue taxes.
The Central Bank of Russia (CBR)โs Directors decided to cut the key rate by 25 basis points to 14.25% per annum on 19 June 2026.
The CBRโs key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes.
The Bank of Russia will assess the need for further key rate cuts at its upcoming meetings depending on the sustainability of the inflation slowdown, the dynamics of inflation expectations, and the analysis of risks posed by external and domestic conditions.
The CBR will hold its next key rate meeting on 24 July 2026.