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Russian Central Bank Holds Key Rate at 14%

Summary by The Moscow Times
Russia’s Central Bank kept its key interest rate at 14% on Friday, saying that rising fuel costs, driven by Ukrainian drone attacks on oil refineries, and a “temporary reduction in production capacities” are making it difficult to tame inflation.

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EADaily, 11 September 2026. The head of the Bank of Russia, Elvira Nabiullina, decided on Friday, 11 September to keep the key stake in the country unchanged.

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The Central Bank of Russia decided, for the first time in more than a year, not to change the key rate, leaving it at 14 per cent per year. On the basis of the meeting of the board of directors, the regulator left the indicator unchanged for the first time in more than a year, sends the RIA News. Most analysts predicted this development against the background of inflationary risks, the weakening of the ruble and the uncertainty of the budget. So…

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The Board of Directors of the Bank of Russia decided at a meeting on Friday to keep the key rate at 14 per cent per annum, as stated in the report of the regulator. "The Bank of Russia will make further decisions at the key rate, depending on the dynamics of inflation and inflationary expectations, as well as the assessment of risks from internal and external conditions," said the press release.

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BizToc broke the news on Friday, September 11, 2026.
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