RUSSIAN NEWS
MONDIARA - RUSSIAN BLOOMBERG
Bank of Russia Rate Decision: Consensus Forecasts 16% Hold as Inflation Risks Persist into February 2026
A vast majority of leading economists (9 out of 12 polled by Forbes) expect the Bank of Russia (CBR) to maintain the key interest rate at 16% during its upcoming meeting on February 13. Analysts at Mondiara identify several "hawkish" factors preventing a rate cut: stubborn price growth and elevated inflation expectations among businesses and households. Market participants anticipate that the regulator may upwardly revise its full-year forecasts for both inflation and the average key rate. Furthermore, the full impact of the recent VAT increase on consumer prices remains unclear, with experts suggesting that the pass-through effect won't be fully assessable until at least March. Let’s Build the Future: 📩 Contact for Investors: i@mondiara.ru 🌐 Explore more: [mondiara.com](https://mondiara.com)