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المشهد العربي
Russian Central Bank Cuts Rates to 14
The Russian Central Bank unexpectedly lowered its key interest rate from 14.25% to 14%, despite expectations of stability. This move comes amid rising inflation resulting from Ukrainian targeting of oil refineries and digital trade warehouses. Its growth outlook for this year has been revised downward to between 0% and 1%, from previous estimates of 0.5% to 1.5%. Additionally, the Bank has increased its inflation forecast for 2026 to range between 6% and 7%, compared to salary increases of 4.5% to 5.5%. The bank emphasized that the summer inflation is temporary, and the economy continues to grow at a moderate pace, with close monitoring of inflationary pressures.
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