Vedomosti consensus forecast: Central Bank to leave key rate at 7.5%

The Board of Directors of the Bank of Russia at a meeting on February 10 will decide to keep the key rate at 7.5% per annum, analysts polled by Vedomosti believe. Only one out of 15 experts admits its slight increase, but considers this option less likely.

The last time the Central Bank changed the rate was in September 2022, lowering it from 8% to 7.5%. In a release following the last meeting last year, the regulator indicated that it would make further decisions on the rate, taking into account the actual and expected inflation dynamics relative to the target, the process of economic restructuring, as well as assessing the risks from internal and external conditions and the reaction of financial markets to them .