Russia's Central Bank Holds Rate at 14%, Raises Inflation Forecast as Refinery Strikes Bite

Name: Russia's Central Bank Holds Rate at 14%, Raises Inflation Forecast as Refinery Strikes Bite
Uploaded: 2026-10-24T13:02:52.31635+00:00
Description: The Bank of Russia held its key rate at 14% on Oct. 23, 2026, and raised its 2026 inflation forecast to 7.1-7.6% from 6-7%. Governor Elvira Nabiullina cited temporary production disruptions and high inflation expectations as reasons the bank is pausing its easing cycle.

The Bank of Russia held its key rate at 14% on Oct. 23, 2026, and raised its 2026 inflation forecast to 7.1-7.6% from 6-7%. Governor Elvira Nabiullina cited temporary production disruptions and high inflation expectations as reasons the bank is pausing its easing cycle.

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