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Bank of Russia Cuts Rate Amid Rising Inflation Risks

10/24/2025

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Summary

Story summary

The Bank of Russia cut the key rate by 50 basis points to 16.5% on October 24, the fourth straight cut.
Inflation risks rose due to Ukrainian energy attacks and a proposed tax increase.
Economists were divided on the outcome, with half expecting a rate cut.
Governor Elvira Nabiullina of the Bank of Russia urged caution in future rate cuts due to higher inflation expectations and U.S. sanctions.

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Story summary

The Bank of Russia cut the key rate by 50 basis points to 16.5% on October 24, the fourth straight cut.
Inflation risks rose due to Ukrainian energy attacks and a proposed tax increase.
Economists were divided on the outcome, with half expecting a rate cut.
Governor Elvira Nabiullina of the Bank of Russia urged caution in future rate cuts due to higher inflation expectations and U.S. sanctions.