The Bank of Russia held its benchmark interest rate at 4.25 percent during its February 2021 meeting, as widely expected, saying inflation expectations of households and businesses remained elevated. Policymakers also noted that demand was recovering faster and more sustainably than expected, while supply-side restrictions were still in place and continued to exert upward pressure on prices. The central bank raised its 2021 inflation forecast to 3.7-4.2 percent, and announced it would determine the timeline and pace of a return to neutral monetary policy in the near future. source: Central Bank of Russia
Interest Rate in Russia averaged 7.17 percent from 2003 until 2021, reaching an all time high of 17 percent in December of 2014 and a record low of 4.25 percent in July of 2020. This page provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Interest Rate in Russia is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Russia to stand at 5.00 in 12 months time. In the long-term, the Russia Interest Rate is projected to trend around 5.00 percent in 2022, according to our econometric models.