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Russian Central Bank Reduces Rates Despite Inflation Risks

Russian Central Bank Reduces Rates Despite Inflation Risks

The Bank of Russia lowered its benchmark key interest rate by 50 basis points to 15.5% on February 13, 2026, extending its easing cycle with a sixth consecutive cut. The decision came as a surprise to most economists, who had expected policymakers to hold rates steady at 16% amid a recent inflation uptick.