The Central Bank of Russia on June 6 made a decision on the key rate

After a long period of very tight monetary policy, the Bank of Russia has decided to lower the key interest rate in the country.

The new figure is 20%. The downgrade on June 6, 2025 was the first in almost three years. The previous figure was 21%, it was set by the Central Bank at a meeting on May 23.

"The current inflationary pressure, including sustainable, continues to decline. Despite the fact that domestic demand still outstrips the possibilities of expanding the supply of goods and services, the Russian economy is gradually returning to a balanced growth trajectory," the official release of the Russian regulator says.