The decision came in below both the 14.25% forecast and prior rate, signaling a dovish tilt from Moscow even as markets had been braced for no move.
Russia’s central bank kept its key interest rate at 14%, a level described as below both the 14.25% forecast and the prior rate. The decision was framed as a dovish signal from Moscow, suggesting a softer policy stance than some expectations implied, even though markets had been braced for no change.