Russia Interest Rate — 2026 Central Bank Data & Outlook
Russia's central bank interest rate was 14.00% in July 2026, down from 14.25% the previous month. A year earlier it stood at 18.00%.
Russia's central bank interest rate stands at 14.00% as of July 2026. The central bank interest rate currently sits at 14.00% (down from 14.25% in the prior month). Across the tracked window it has ranged between 4.25% and 21.00%, and is 4.00% lower than a year ago.
The trend
Among the 168 economies tracked on this platform, Russia ranks #38 on central bank interest rate by latest value. It fell from 14.25% in the previous month, and compares with a year-earlier 18.00%.
What's driving it
The policy rate is set to balance inflation against growth and employment; it rises to restrain demand and falls to support it.
Recent readings
| Period | Central bank interest rate |
|---|---|
| Jul 2026 | 14.00% |
| Jun 2026 | 14.25% |
| May 2026 | 14.50% |
| Apr 2026 | 14.50% |
| Mar 2026 | 15.00% |
| Feb 2026 | 15.50% |
| Jan 2026 | 16.00% |
| Dec 2025 | 16.00% |
Data: Source: Bank for International Settlements — central bank policy rates. Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Central Bank Interest Rate in Russia (2026)?
Russia's central bank interest rate was 14.00% in July 2026, down from 14.25% the previous month. A year earlier it stood at 18.00%.
Is the central bank interest rate rising or falling in Russia?
It fell in the latest reading — 14.00% in July 2026 versus 14.25% a month earlier. Year on year it is lower.
What is central bank interest rate?
It measures the benchmark policy rate set by the central bank, which steers borrowing costs across the economy.