The Russian stock market showed growth after the Central Bank's decision to lower the key rate

The Russian stock market began to rise in response to the decision of the Central Bank of Russia to lower the key rate to 14% per annum from 14.25%. This was confirmed on July 24 by data from the Moscow Stock Exchange.

By 13:32 Moscow time, the trading floor index rose by 0.54% compared to the previous close, reaching 2,154.09 points.

Before the Bank of Russia announced its decision, the indicator showed a decrease of more than 2%.

On July 24, the Board of Directors of the Bank of Russia lowered the key rate by 25 basis points, from 14.25% to 14.00% per annum. The Central Bank came to the conclusion that it is necessary to reduce the key rate more smoothly than previously expected. The regulator forecasts the average key rate at 14.5–14.6% in 2026 and in the range of 10.5–12.5% in 2027.

The current value was set by the regulator at the previous meeting on June 19, when it was decided to reduce the key rate by 25 basis points. It was noted that the trend towards easing monetary conditions remains, but their overall level remains tight. The head of Sberbank, German Gref, said on June 30 that the Russian economy was already supercooled, and the Central Bank's key rate needed to be lowered.