Nabiullina announced a decrease in the likelihood of a key rate hike

The probability of a further increase in the key interest rate in Russia has decreased. This was announced on March 21 by the Chairman of the Central Bank of Russia, Elvira Nabiullina, at a meeting of the Board of Directors of the Central Bank.

She added that the regulator's decisions on the key rate in the future will depend on whether the current tight monetary policy of the Bank of Russia will be enough to return inflation to 4% in 2026.

The news is being updated