Jin10 data reported on October 24, the Central Bank of Russia announced a rate cut of 50 basis points to 16.5%, in line with market expectations. After the decision was announced, the fluctuation of the Russian ruble against the US dollar was limited, maintaining a rise. Recently, as government officials, industries, and think tanks have intensively criticized the Central Bank's high interest rate policy during the economic downturn, market expectations for a rate cut have continued to heat up. The Central Bank of Russia clearly stated that it will maintain a necessary degree of tightening monetary policy to ensure inflation returns to target levels, and hinted that the average interest rate will remain in the range of 13.0%-15.0% in 2026.
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