Policy Rate Announcement by the Central Bank of Russia

The Bank of Russia regularly convenes meetings to decide on Russia's monetary policy and announce the policy interest rate. This rate, applied by the central bank to interbank lending, is a crucial indicator that affects the entire economy.

When the policy rate is lowered, borrowing costs decrease, potentially increasing spending by consumers and businesses. Conversely, when the policy rate is raised, borrowing costs increase, which may restrain spending by consumers and businesses, aiding in controlling inflation and promoting economic growth.

This data is vital for policymakers to assess the current economic conditions and formulate appropriate monetary policies. It also serves as an important source of information for businesses and investors to understand interest rate trends and make economic forecasts.