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Russia's key rate stands at 14.25 percent ahead of a 24 July decision
Russia's central bank key rate stands at 14.25 percent after a 25 basis point cut on 19 June 2026. The board's next rate-setting meeting is scheduled for 24 July. Russia's annual inflation was about 5.6 percent as of 15 June, above the central bank's 4 percent target. Russia is a trade and energy partner of Iran.
The Moscow Times · Jul 13, 2026
Russian Ruble Nears 76 Per Dollar, Down 5% on the Month
The USD/RUB exchange rate reached 75.91 on Thursday, July 9, 2026, down 1.16 percent from the previous session in ruble terms. According to Trading Economics, the ruble has weakened 5.07 percent over the past month, though it remains up 2.11 percent from a year earlier. Russia's central bank had previously said fiscal policy would be more accommodative than expected over the next three years, as the federal government increases bond issuance to fund the war in Ukraine and subsidies for industries hit by Western sanctions.
Trading Economics · Jul 10, 2026