The State Duma allowed the Central Bank to reduce the key rate at the upcoming meeting

The Central Bank of Russia may reduce the key rate by 0.5 percentage points (pp), respectively, to 16% per annum. This was announced on December 15 by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market.

"I believe that it will definitely decrease by 0.5 percentage points, to 16%," he said during a press conference with TASS.

Aksakov expects that the key rate will continue to decline in 2026.

Under 16 — no older: market expects key rate cut in December

By the end of the year, the regulator had room for a cautious easing of PREP

Valery Tumin, a member of the Expert Council on the Development of the Digital Economy under the State Duma Committee on Economic Policy, told Izvestia on December 10 that at the December meeting of the Central Bank, the regulator could consider two possible solutions: lowering the rate to 16% or keeping it at the current level of 16.5%. He recalled that the Bank of Russia had previously set a benchmark for an average rate in the range of 13-15% in 2026.

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