
The Central Bank of the Russian Federation may reduce the rate to 18% on July 25
Mikhail Vasiliev, Sovcombank 18 July 2025 14:39 We expect the Bank of Russia to reduce its key rate by 200 bps to 18% at its next meeting on July 25. We believe that the Central Bank will consider rate cuts of 100 and 200 bps, but we do not rule out a step …