🇷🇺 Central Bank of the Russian Federation

The key rate of the Central Bank of the Russian Federation is the base rate that determines monetary policy, influencing inflation and economic growth. The maximum of 210% was reached in the early 1990s amid hyperinflation and economic instability following the collapse of the USSR, reflecting a sharp devaluation of the ruble. The minimum of 4.25% was observed during periods of stable economy with controlled inflation. High rates restrain inflation but slow growth, while low rates stimulate lending and investment but may cause inflation. Changes in the rate significantly affect the ruble exchange rate and capital flows. Currently, the rate is 20%, reflecting a strict policy to control inflation and stabilize the economy.