11:03
After the Central Bank of Russia cut interest rates as scheduled, the ruble maintained its rise.
Jin10 data reported on October 24 that the Central Bank of Russia announced a 50 basis point cut in interest rates to 16.5%, in line with market expectations. After the decision was announced, the fluctuation of the Russian ruble against the US dollar was limited, maintaining a rising trend. Recently, as government officials, industry, and think tank groups have intensively criticized the Central Bank's high interest rate policy during the economic downturn, market expectations for a rate cut have continued to heat up. The Central Bank of Russia has made it clear that it will maintain a necessary degree of tight monetary policy to ensure that inflation returns to target levels, and it hinted that the average interest rate will remain in the range of 13.0%-15.0% in 2026.

