MOSCOW, April 24. /TASS/. The Bank of Russia has cut its key rate by 50 basis points (bp) to 14.5% per annum at its Board of Directors meeting on Friday. Speaking at a press conference after the meeting Central Bank Governor Elvira Nabiullina said that the range for cutting the key rate in 2026 is narrowing. As for inflation she noted that it will return to 4% much faster than humanity's return to the moon.
TASS has compiled a summary of the Central Bank governor's key statements.
- At the meeting on Friday, the Board of Directors considered two possible solutions: keeping the rate or reducing it by 0.5 percentage points.
- Pauses in key rate cuts are always possible.
- A sharper reduction in the key rate requires inflation to fall below the target and unemployment to rise, but this isn't the case yet.
