24-April-2026
Economy News
 
Russia's Economic Contraction May Spur Key Rate Cuts, Analysts Say
24-Apr-2026

Russia's economic contraction in the first two months of the year may prompt the central bank to cut its key rate faster than expected, some analysts said on Thursday, revising their earlier view of the outcome of the April 24 rate-setting meeting. Twenty-three analysts polled by Reuters on April 20 expected the central bank to cut the key rate by 50 basis points to 14.5%, but the prospects of the first quarterly economic contraction since the first three months of 2023 are causing some to rethink.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-23/russias-economic-contraction-may-spur-key-rate-cuts-analysts-say