Bank of Russia's Tremasov says no grounds yet to cut key rate, sees rate cuts resuming once inflation turns down; central bank recorded August inflation in 5-6% range, utility tariff indexation to add 0.7 pp

Bank of Russia officials said on 16 September 2026 that the central bank currently sees no grounds for lowering its key rate, while official Tremasov said rate cuts can resume once inflation turns downward, adding that the Bank of Russia is following its baseline scenario for the key rate. The central bank recorded August inflation in the 5-6% range, according to Russian news reports. Tremasov also said indexation of utility (housing and communal services) tariffs will add 0.7 percentage points to inflation, and the central bank has acknowledged that pro-inflation risks have intensified, with rising gasoline prices also putting pressure on inflation.

Detected & updated continuously · Source: Nebula