Bank of Russia Expected to Cut Key Rate to 13.5% in June 2026
INTERVIEW: Central Bank to cut key rate to 13.5% at next board meeting — lawmaker
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Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Market, predicts the Bank of Russia will reduce its key interest rate by 1 percentage point to 13.5% at the upcoming board meeting on June 19, 2026, citing recent price declines as justification.
- 01Anatoly Aksakov anticipates a key rate cut to 13.5% at the June 19 meeting.
- 02The previous rate was lowered to 14.5% on April 24, 2026, by 0.5 percentage points.
- 03Aksakov attributes the potential cut to signs of declining prices in the economy.
- 04The St. Petersburg International Economic Forum will occur from June 3-6, 2026, focusing on global economic development.
- 05The forum will feature various events, including the SME Forum and the Creative Industries Forum.
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Anatoly Aksakov, the Chairman of the Russian State Duma Committee on Financial Market, has indicated that the Bank of Russia is likely to reduce its key interest rate from 14.5% to 13.5% during its next board meeting on June 19, 2026. This anticipated cut of 1 percentage point is supported by recent trends showing a decline in prices across the economy, which Aksakov believes provides a basis for a more significant reduction than the previous adjustment made on April 24, 2026. The upcoming meeting coincides with the St. Petersburg International Economic Forum, scheduled for June 3-6, which aims to address new models of global development amid ongoing economic transformations. The forum will include various discussions and activities, such as the SME Forum and the International Youth Forum, emphasizing the theme of
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A reduction in the key interest rate could lower borrowing costs for consumers and businesses in Russia.
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