Page 81 - RusRPTMay20

risks coming from the ​recent plunge in oil prices​. The CBR now sees inflation in the range of 3.8-4.8% by the end of the year.
CBR monetary policy rate decision
Announcement date
Apr 24, 2020 Mar 20, 2020 Feb 7, 2020 Dec 13, 2019 Oct 25, 2019 Sep 6, 2019 Jul 26, 2019 Jun 14, 2019 Apr 26, 2019 Mar 22, 2019 Feb 8, 2019 Dec 14, 2018 Oct 26, 2018 Sep 14, 2018 Jul 27, 2018 Jun 15, 2018 Apr 27, 2018 Mar 23, 2018 Feb 9, 2018 Dec 15, 2017 Oct 27, 2017 Sep 15, 2017 Jul 28, 2017 Jun 16, 2017 Apr 28, 2017 Mar 24, 2017 Feb 3, 2017
Key rate
5.50% 6.00% 6.00% 6.25% 6.50% 7.00% 7.25% 7.50% 7.75% 7.75% 7.75% 7.75% 7.50% 7.50% 7.25% 7.25% 7.25% 7.25% 7.50% 7.75% 8.25% 8.50% 9.00% 9.00% 9.25% 9.75% 10.00%
Direction
Easing None Easing Easing Easing Easing Easing Easing None None None Tightening None Tightening None None None Easing Easing Easing Easing Easing None Easing Easing Easing None
Change Rate
-0.50% 5.50% None 6.00% -0.25% 6.00% -0.25% 6.25% -0.50% 6.75% -0.25% 7.00% -0.25% 7.25% -0.25% 7.50% None 7.75% None 7.75% None 7.75% 0.25% 7.50% None 7.50% 0.25% 7.25% None 7.25% None 7.25% None 7.25% -0.25% 7.25% -0.25% 7.50% -0.50% 8.00% -0.25% 8.25% -0.50% 8.50% None 9.00% -0.25% 9.00% -0.50% 9.50%
-0.25% 10.00% None 10.00%
Survey vs actual
Expected Expected Expected Expected Unexpected Expected Expected Expected Expected Expected Expected Unexpected Expected Unexpected Expected Expected Expected Expected Expected Unexpected Expected Expected Expected Expected Unexpected Unexpected Expected
81​ RUSSIA Country Report​ May 2020
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