The regulator has said it will consider gradually easing monetary policy next year if no additional external shocks occur The Russian central bank is considering gradually reducing its key interest rate in 2025 if inflation is brought down closer to target levels and the economy does not face new external shocks, the head of the regulator, Elvira Nabiullina, said on Tuesday. In October, the Bank of Russia raised its key rate by 200 basis points to a record high of 21%, citing persistent inflation that “considerably” exceeded the regulator’s July outlook of 6.5-7.0% for the current year. At the time, commenting on
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