ACI Russia -
The Financial Markets Association
The leading global trade association representing the interests of the professional wholesale financial markets community
Bank of Russia increases key rate by 100 bp to 13.00% p.a.
The Bank of Russia Board of Directors decided to increase the key rate by 100 basis points to 13.00% per annum. Inflationary pressure in the Russian economy remains high. Significant proinflationary risks have crystallised, namely the domestic demand growth outpacing the output expansion capacity and the depreciation of the ruble in the summer months. Therefore, it is required to additionally tighten monetary conditions to limit the upward deviation of inflation from the target and return it to 4% in 2024. The return of inflation to the target and its further stabilisation close to 4% also implies that tight monetary conditions will be maintained in the economy for a long period.


    ACI Russia Congress 2023
    ART COURT Moscow Center Hotel, 18 May 2023
    ACI Russia & Friends New Year party 2023
    Mandarin Combustible, Moscow, 19 December 2022


    This website uses cookies to ensure you get the best experience