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Bank of Russia’s medium-term forecast following the Bank of Russia Board of Directors’ key rate meeting on 24 July 2026. Key forecast parameters of the Bank of Russia’s baseline scenario. Given that from 1 January to 26 July 2026 the key rate averaged 15.0%, from 27 July to the end of 2026 the average key rate forecast range is 13.7–14.0%
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(160887, date)
Cbonds add-in| Index | Current value | Date |
|---|---|---|
| Key rate, average for the year, % per annum Forecast from CBR 2026 | 14.55 % | 24/07/2026 |
| Key rate, average for the year, % per annum Forecast from CBR 2027 | 11.5 % | 24/07/2026 |
| Key rate, average for the year, % per annum Forecast from CBR 2028 | 8.5 % | 24/07/2026 |
| Key rate, average for the year, % per annum Forecast from CBR 2029 | 8 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2026 (max) | 14.6 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2026 (min) | 14.5 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2027 (max) | 12.5 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2027 (min) | 10.5 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2028 (max) | 9 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2028 (min) | 8 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2029 (max) | 8.5 % | 24/07/2026 |
| Russia Key rate of CBR Forecast from CBR 2029 (min) | 7.5 % | 24/07/2026 |
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