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Russian Central Bank lowers interest rate from 20% to 18%

The Central Bank has kept raising the interest rate since September 2022, when it stood at 7.5%. By October 2024, the rate had climbed to 21%, the highest in modern Russian history, where it remained through early 2025.

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The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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