From BigGo Finance · BigGo Finance · · 50s
Bank of Russia Holds Rate at 14% as Refinery Attacks Push Inflation
Bank of Russia keeps interest rate steady at 14% amid rising fuel costs from Ukrainian refinery strikes.
In brief
Bank of Russia keeps interest rate steady at 14% amid rising fuel costs from Ukrainian refinery strikes. Bank of Russia maintains 14% policy rate as refinery attacks increase inflation to 8.0% in Q3. Originally reported by BigGo Finance.
Policy Rate Decision
Bank of Russia holds key policy rate at 14% per annum for second consecutive month.
Inflation Acceleration
Consumer price growth rose to 8.0% in July-September quarter from 4.8% in previous quarter.
Ukraine Impact
Ukrainian attacks on refineries increased fuel prices and utility tariffs.
Inflation Forecasts
Bank of Russia raises 2026 inflation forecast to 7.1-7.6% and 2027 policy rate to 12.5-13.5%.
Fiscal Deficit
2026 fiscal deficit projected to widen to 3.2% of GDP with 0.6% economic growth.
The headline
Bank of Russia maintains 14% policy rate as refinery attacks increase inflation to 8.0% in Q3.
