Russia policy rate in 2026 (5 changes)

Start of year16.00%

Latest14.00%Oct 6, 2026

Net change-200 bp0 hikes, 5 cuts

Average14.768%

Rank by level2 / 38

Changes in 2026

Date	From	To	Change
Feb 16, 2026	16.00%	15.50%	cut -50 bp
Mar 23, 2026	15.50%	15.00%	cut -50 bp
Apr 27, 2026	15.00%	14.50%	cut -50 bp
Jun 22, 2026	14.50%	14.25%	cut -25 bp
Jul 27, 2026	14.25%	14.00%	cut -25 bp

Compared with other areas at the end of 2026

Türkiye37%

Russia14%

Brazil13.75%

Colombia12.25%

Iceland8%

South Africa7.25%

Romania6.5%

Mexico6.5%

Serbia5.75%

Indonesia5.75%

Hungary5.5%

India5.25%

Philippines5%

Saudi Arabia4.5%

Norway4.5%

Chile4.5%

Australia4.35%

Peru4.25%

North Macedonia4.25%

Hong Kong4.25%

United States3.875%

Poland3.75%

United Kingdom3.75%

Czechia3.75%

Kuwait3.5%

Israel3.25%

South Korea3%

China3%

New Zealand2.75%

Malaysia2.75%

Euro area2.5%

Morocco2.25%

Canada2.25%

Denmark2.1%

Sweden1.75%

Japan1.25%

Thailand1%

Switzerland0%

Year-end rate over time

202614%

202516%

202421%

202316%

20227.5%

20218.5%

20204.25%

20196.25%

20187.75%

20177.75%

201610%

201511%

201417%

20135.5%

20128.25%

20118%

20107.75%

20098.75%

200813%

200710%

200611%

200512%

200413%

200316%

200221%

200125%

200025%

← 2025

2026: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.