Moscow, Oct. 26 (Petra) The Central Bank of the Russian Federation (CBR) left its key interest rate unchanged at 14% per annum on Monday, holding rates steady for a second consecutive meeting as persistent inflationary pressures and slowing economic growth weigh on the economy.

In an official statement, the Russian central bank raised its 2026 full-year inflation forecast to a range of 7.1% to 7.6%, up from its previous projection of 6% to 7%. The regulator added that it expects the average key rate to range between 12.5% and 13.5% in 2027.

//Petra// AF