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Russia Cuts Rate to 14.5% Amid Slipping GDP

4/25/2026

39 4 Full Breakdown

Summary

Story summary

Russia’s Central Bank cut the key rate to 14.5% on Friday, its eighth consecutive cut.
Q1 2026 GDP fell 1.8% YoY and production dropped 0.8% in January and 0.9% in February.
Inflation fell to 5.7% on April 20, down from 5.9% in March, and expectations slipped to 12.9%.
Budget outlays rose 17%, prompting Raiffeisenbank analysts to forecast a Q1 contraction and Oleg Deripaska to urge a 12-hour, six-day ‘8-to-8’ work week.

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Story summary

Russia’s Central Bank cut the key rate to 14.5% on Friday, its eighth consecutive cut.
Q1 2026 GDP fell 1.8% YoY and production dropped 0.8% in January and 0.9% in February.
Inflation fell to 5.7% on April 20, down from 5.9% in March, and expectations slipped to 12.9%.
Budget outlays rose 17%, prompting Raiffeisenbank analysts to forecast a Q1 contraction and Oleg Deripaska to urge a 12-hour, six-day ‘8-to-8’ work week.