Russia interest rate: Bank of Russia policy rate
The Bank of Russia policy rate is 14.00%, in force since Jul 27, 2026. Source: Bank for International Settlements, data to Oct 27, 2026. Cut from 14.25% on Jul 27, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Jul 27, 2026 | 14.00% | -0.25 |
| Jun 22, 2026 | 14.25% | -0.25 |
| Apr 27, 2026 | 14.50% | -0.50 |
| Mar 23, 2026 | 15.00% | -0.50 |
| Feb 16, 2026 | 15.50% | -0.50 |
| Dec 22, 2025 | 16.00% | -0.50 |
| Oct 27, 2025 | 16.50% | -0.50 |
| Sep 15, 2025 | 17.00% | -1.00 |
| Jul 28, 2025 | 18.00% | -2.00 |
| Jun 9, 2025 | 20.00% | -1.00 |
| Oct 28, 2024 | 21.00% | +2.00 |
| Sep 16, 2024 | 19.00% | +1.00 |
| Jul 29, 2024 | 18.00% | +2.00 |
| Dec 18, 2023 | 16.00% | +1.00 |
| Oct 30, 2023 | 15.00% | +2.00 |
| Sep 18, 2023 | 13.00% | +1.00 |
| Aug 15, 2023 | 12.00% | +3.50 |
| Jul 25, 2023 | 8.50% | +1.00 |
| Sep 19, 2022 | 7.50% | -0.50 |
| Jul 25, 2022 | 8.00% | -1.50 |
| Jun 14, 2022 | 9.50% | -1.50 |
| May 27, 2022 | 11.00% | -3.00 |
| May 4, 2022 | 14.00% | -3.00 |
| Apr 11, 2022 | 17.00% | -3.00 |
| Feb 28, 2022 | 20.00% | +10.50 |
| Feb 14, 2022 | 9.50% | +1.00 |
| Dec 20, 2021 | 8.50% | +1.00 |
| Oct 25, 2021 | 7.50% | +0.75 |
| Sep 13, 2021 | 6.75% | +0.25 |
| Jul 26, 2021 | 6.50% | +1.00 |
| Jun 15, 2021 | 5.50% | +0.50 |
| Apr 26, 2021 | 5.00% | +0.50 |
| Mar 22, 2021 | 4.50% | +0.25 |
| Jul 27, 2020 | 4.25% | -0.25 |
| Jun 24, 2020 | 4.50% | -1.00 |
| Apr 27, 2020 | 5.50% | -0.50 |
| Feb 10, 2020 | 6.00% | -0.25 |
| Dec 16, 2019 | 6.25% | -0.25 |
| Oct 28, 2019 | 6.50% | -0.50 |
| Sep 9, 2019 | 7.00% | -0.25 |
| Jul 29, 2019 | 7.25% | -0.25 |
| Jun 17, 2019 | 7.50% | -0.25 |
| Dec 17, 2018 | 7.75% | +0.25 |
| Sep 17, 2018 | 7.50% | +0.25 |
| Mar 27, 2018 | 7.25% | -0.25 |
| Feb 12, 2018 | 7.50% | -0.25 |
| Dec 18, 2017 | 7.75% | -0.50 |
| Oct 27, 2017 | 8.25% | -0.25 |
| Sep 20, 2017 | 8.50% | -0.50 |
| Jun 19, 2017 | 9.00% | -0.25 |
| May 3, 2017 | 9.25% | -0.50 |
| Mar 27, 2017 | 9.75% | -0.25 |
| Sep 19, 2016 | 10.00% | -0.50 |
| Jun 14, 2016 | 10.50% | -0.50 |
| Jan 11, 2016 | 11.00% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Russia?
The Bank of Russia policy rate is 14.00% (since Jul 27, 2026).
When did the Bank of Russia last change its policy rate?
On Jul 27, 2026, from 14.25% to 14.00%.
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