The key rate remained at its previous level - 14% annual. The Bank of Russia board of directors took this decision following its meeting on Friday, October 23, 2026, according to the regulator's statement.
The document states: "The Bank of Russia board of directors on October 23, 2026 decided to keep the key rate at 14.00% annual."
Most analysts surveyed by RIA Novosti had forecast that at the October 23 meeting the Bank of Russia would keep the rate at 14%. Experts also allowed that the pause in the key rate reduction cycle could be prolonged.
For the first time since April 2025, the regulator kept the key rate at 14% annual on September 11. The Bank of Russia moved to easing monetary policy in the middle of last year, and at the ten previous meetings the rate was lowered.