The Central Bank of Russia Continues to Cut Interest Rates

Russia Central Bank's 5th Step in Interest Rate Cuts

The Russia Central Bank continued its easing cycle in the December 2023 meeting, reducing the policy interest rate to 16%. This decrease occurred as expected by the market, amounting to 50 basis points.

Inflation Predictions and Economic Outlook

Thus, the bank's consecutive interest rate cuts have reached the fifth meeting. In the central bank's statement, it is projected that by the end of the year, inflation will drop below 6%.

Putin's Assessment

Russian President Vladimir Putin stated that the bank has acted responsibly and that such steps will enhance the stability of the country's economy.