Russia

Éluósī

俄罗斯

central bank

yāngháng

央行

(future action particle)

jiāng

将

benchmark interest rate

jīzhǔn lìlǜ

基准利率

to lower / to reduce

xiàtiáo

下调

50

wǔshí

五十

(measure word)

gè

个

basis points

jīdiǎn

基点

to / reaching

zhì

至

14.5 percent

14.5%

14.5%

。

New Words

News in English

Russia Central Bank Cuts Key Rate by 50 Basis Points to 14.5 Percent

The Bank of Russia on April 24 announced a 50-basis-point cut to its key rate, bringing it to 14.5 percent, marking the central bank eighth consecutive rate reduction.

Russia's central bank announced on April 24 that it will reduce the benchmark interest rate by 50 basis points, from 15 percent to 14.5 percent.

This interest rate cut is the eighth consecutive rate cut since Russia began its monetary easing cycle.

According to central bank data, as of April 20, Russia's annual inflation rate stands at 5.7 percent.

The central bank forecasts that inflation this year will further ease to between 4.5 percent and 5.5 percent, reaching the 4 percent target by 2027.

However, Russia's economy showed slowdown in early 2026, with consumer demand and investment activity both remaining sluggish.

The central bank maintained its forecast for 2026 GDP growth between 0.5 percent and 1.5 percent, while warning that geopolitical tensions continue to pose inflation risks.

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