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Story summary
- Bank of Russia (the Central Bank of the Russian Federation) cut its key rate to 15% from 15.5% on March 20, 2026, citing a decline in inflation despite Iran war-related uncertainty.
- Annual inflation stood at 5.9% as of March 16, 2026.
- This is the second rate cut of the year and the seventh since September 2024 when rates were 21%.
- The MOEX Russia index rose 0.30% after the announcement.
