Press-releases

Exhibition of Achievements of National Economy to appear on Bank of Russia coin (29.06.2026)

Mon, 29 Jun 2026 10:30:00 +0300

The Exhibition of Achievements of National Economy (VDNKh) opened in Moscow on 1 August 1939 to showcase the agricultural and industrial achievements of the Soviet Union. Today, VDNKh is the world’s largest exposition, museum and recreational complex boasting 49 cultural heritage objects. It accommodates the famous monument ‘Worker and Collective Farm Woman’, the fountain ‘Friendship of the Peoples’, as well as historical pavilions. This is a popular venue for forums, exhibitions, festivals, and concerts.

On 30 June 2026, the Bank of Russia issues a 25-ruble silver commemorative coin ‘The Exhibition of Achievements of National Economy, Moscow’ of the Architectural Monuments of Russia series (Catalogue No. 5115-0170).

The 25-ruble silver coin (fine metal content 155.5 g, fineness 925/1,000) has a round shape and is 60.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The obverse of the coin features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘25 РУБЛЕЙ’ (25 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of the coin features a relief image of the Main Entrance Arch with the golden sculpture ‘Tractor Driver and Collective Farm Woman’ against the background of an image of clouds, laser treated for matte finishing; a relief image of Pavilion No. 1 ‘Central’ in the background; and the following inscriptions at the bottom: ‘ВДНХ’ (VDNKh) enclosed in a relief cartouche, surrounded by wheat ears, and ‘ВЫСТАВКА ДОСТИЖЕНИЙ НАРОДНОГО ХОЗЯЙСТВА’ (EXHIBITION OF ACHIEVEMENTS OF NATIONAL ECONOMY) around the circumference.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 1.0 thousand pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at its face value.

Results of monitoring of credit institutions’ maximum interest rates (23.06.2026)

Tue, 23 Jun 2026 16:15:00 +0300

The June 2026 results of the monitoring of the maximum interest rates on deposits¹ in Russian rubles of the top 10 credit institutions,² attracting the largest amount of household deposits are as follows:

the first 10 days of June – 12.97%; and
the second 10 days of June – 12.86%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Maximum interest rates on deposits available to any client (including potential ones) without any limitations and preliminary conditions are taken into account. Deposits for special client categories (pensioners, children) and purposes (social, humanitarian, etc.) are excluded.

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for higher interest accrual may comprise, among other things, purchasing investment units in a certain amount, opening an investment account, concluding an agreement on investment or endowment life insurance, buying an extra service package, etc.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

² Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, Bank GPB (JSC) (354) – www.gazprombank.ru, AO ALFA-BANK (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, Joint Stock Company Bank DOM.RF (2312) – domrfbank.ru, CREDIT BANK OF MOSCOW (1978) – mkb.ru, TBank (2673) – www.tbank.ru, Promsvyazbank PJSC (3251) – psbank.ru, PJSC Sovcombank (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using the information provided by the said websites. The published values are indicative.

³ Average maximum interest rates on deposits: for up to 90 days – 12.39%; for 91 to 180 days – 12.51%; for 181 days to one year – 12.37%; and for over one year – 11.36%.

Maintenance on Bank of Russia website (19.06.2026)

Fri, 19 Jun 2026 19:30:00 +0300

On 19 and 20 June 2026, the Bank of Russia will carry out maintenance on its website, due to which there may be delays in its operation.

We apologise for any inconvenience.

Bank of Russia cuts the key rate by 25 bp to 14.25% p.a. (19.06.2026)

Fri, 19 Jun 2026 13:30:00 +0300

On 19 June 2026, the Bank of Russia Board of Directors decided to cut the key rate by 25 basis points to 14.25% per annum. Economic growth continues at a moderate pace after a temporary decline at the beginning of the year. The underlying price growth has edged down but remains generally in the range of 4–5% in annualised terms, as estimated by the Bank of Russia. Lending growth has accelerated in recent months. Fiscal policy over the three-year horizon will be more accommodative than previously expected. This may require a higher key rate path than assumed in the April baseline scenario.

The Bank of Russia will assess the need for further key rate cuts at its upcoming meetings depending on the sustainability of the inflation slowdown, the dynamics of inflation expectations, and the analysis of risks posed by external and domestic conditions. According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to 4.5–5.5% in 2026. Underlying inflation will be close to 4% in 2026 H2. In 2027 and beyond, annual inflation will stay on target.

In April–May, the current seasonally adjusted price growth slowed on average to 2.1% in annualised terms from 8.7% in 2026 Q1. The similar indicator of core inflation averaged 4.2% compared to 6.2% in the previous quarter. Price dynamics in this period were considerably affected by volatile components of the consumer basket. In June, they might accelerate the current price growth rates. The estimate of underlying inflation has decreased slightly in recent months but remains in the range of 4–5% in annualised terms, with annual inflation standing at 5.6% as of 15 June.

Inflation expectations of households and businesses have declined but remain elevated overall. This may impede a sustainable slowdown in inflation.

According to high-frequency data, economic activity indicators improved in 2026 Q2 after their decline in 2026 Q1, which is in line with previous expectations. Overall, the economy has been growing at a moderate pace in 2026 H1. Consumer demand growth has sped up in recent months. Investment activity has been slightly up after its cooling in early 2026 but remains subdued.

The labour market tightness continues to ease, albeit at a slower pace. According to surveys, the percentage of enterprises experiencing labour shortages has stopped shrinking. Companies are revising their wage indexation plans for 2026 downwards. Nevertheless, wage growth is still outpacing growth in labour productivity. Unemployment stays at its record lows.

Monetary conditions continued to ease, while remaining tight. Interest rates have declined in most segments of the financial market. Contrastingly, medium- and long-term OFZ yields were up. According to the Bank of Russia, this does not reflect a tightening of monetary conditions but is primarily associated with uncertainty regarding future budget projections. Non-price bank lending conditions are still tight.

Lending activity has intensified in recent months in both the corporate and retail segments. In general, households continue to demonstrate a high propensity to save.

Proinflationary risks still prevail over disinflationary ones on the mid-term horizon. The proinflationary risks associated with high inflation expectations and a long period of wage growth outpacing productivity growth, as well as with a deterioration in the global economic outlook and rising global price pressures amid increased geopolitical tensions, are still in place. Proinflationary risks have increased due to a temporary decline in motor fuel production. Disinflationary risks involve a more significant slowdown in domestic demand.

The Bank of Russia’s baseline scenario assumed that fiscal policy will help slow down inflation on the mid-term horizon. However, the persistence of structural primary budget deficits until 2029 may require tighter monetary policy than stipulated by the baseline scenario.

On 1 July 2026, the Bank of Russia releases the Summary of the Key Rate Discussion.

The Bank of Russia Board of Directors holds its next key rate meeting on 24 July 2026. The press release on the Bank of Russia Board decision and the medium-term forecast are to be published at 13.30 Moscow time.

Statement by Bank of Russia Governor Elvira Nabiullina in follow-up to Board of Directors meeting on 19 June 2026

Bank of Russia coins in souvenir set – 2026 (15.06.2026)

Mon, 15 Jun 2026 17:36:00 +0300

On 16 June 2026, the Bank of Russia issues coins in a numismatic set in souvenir packaging:¹

– 1- and 5-copeck cupronickel plated steel coins,

– 10- and 50-copeck brass plated steel coins,

– 1-, 2-, and 5-ruble nickel plated steel coins, and

– 10-ruble brass plated steel coins.

The 1-copeck coin has a round shape and is 15.5 mm in diameter, the 5-copeck, 10-copeck, and 50-copeck coins are 18.8 mm, 17.5 mm, and 19.5 mm in diameter, respectively; the 1-ruble, 2-ruble, 5-ruble, and 10-ruble coins are 20.5 mm, 23.0 mm, 25.0 mm, and 22.0 mm in diameter, respectively.

The obverse and the reverse of the coins have a relief rim around the circumference.

The edges of the 1-, 5-, 10-, and 50-copeck coins are smooth, the edge of the 1-ruble coin is corrugated, and the edges of the 2-, 5-, and 10-ruble coins are intermittently corrugated.

The obverse of:

– the 1-, 5-, 10-, and 50-copeck coins features a relief image of Saint George the Victorious on horseback slaying a dragon with a spear with the inscription ‘БАНК РОССИИ’ (BANK OF RUSSIA) and the year of issue ‘2026’ around the circumference and the letters S-P (Saint Petersburg) denoting the mint on the right;

– the 1-, 2-, 5-, and 10-ruble coins features a relief image of the National Coat of Arms of the Russian Federation, the semicircular inscription above it along the rim ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) framed with paired diamonds on both sides, the Saint Petersburg Mint trademark on the right, and the two-line inscription in the centre of the coins under the coat of arms ‘БАНК РОССИИ’ (BANK OF RUSSIA), and the year of issue ‘2026’.

The reverse of:

– the 1-, 5-, 10-, and 50-copeck coins features a two-line inscription in the centre denoting the coins’ denominations ‘1 КОПЕЙКА’ (1 COPECK), ‘5 КОПЕЕК’ (5 COPECKS), ‘10 КОПЕЕК’ (10 COPECKS), and ‘50 КОПЕЕК’ (50 COPECKS), respectively, with a stylised image of branches of a plant at the bottom;

– the 1-ruble, 2-ruble, and 5-ruble coins features a two-line inscription in the centre denoting the coins’ denominations ‘1 РУБЛЬ’ (1 RUBLE), ‘2 РУБЛЯ’ (2 RUBLES), and ‘5 РУБЛЕЙ’ (5 RUBLES), respectively, with a stylised image of branches of a plant on the left and on the right;

– the 10-ruble coin features a two-line inscription in the centre denoting the coin’s denomination ‘10 РУБЛЕЙ’ (10 RUBLES) against the background of a field containing vertical lines, with a stylised image of branches of a plant on the left and on the right. The figure ‘0’ features a security element inside in the form of the figure ‘10’ and the inscription ‘РУБ’ (RUB) visible at various viewing angles to the coin surface.

The coins are minted in the brilliant uncirculated quality.

The mintage of the set is 35.0 thousand pcs.

The coins in the numismatic set are legal tender of the Russian Federation and are mandatory for acceptance for all kinds of payments without any restrictions at their face value.

¹ Images for the souvenir packaging of the numismatic set were provided by the State Budgetary Institution of Culture ‘Perm Museum of Local Lore'.

Results of monitoring of credit institutions’ maximum interest rates (11.06.2026)

Thu, 11 Jun 2026 17:50:00 +0300

The June 2026 results of the monitoring of the maximum interest rates on deposits¹ in Russian rubles of the top 10 credit institutions² attracting the largest amount of household deposits are as follows:

the first 10 days of June – 12.97%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

³ Average maximum interest rates on deposits: for up to 90 days – 12.44%; for 91 to 180 days – 12.67%, for 181 days to one year – 12.41%; and for over one year – 11.38%.

Raven Kutkh on Bank of Russia coin (11.06.2026)

Thu, 11 Jun 2026 14:00:00 +0300

On 15 June 2026, the Bank of Russia issues a 3-ruble silver commemorative coin ‘Raven Kutkh’ of The Legends and Folktales of Russia series (Catalogue No. 5111-0536). This is a mythical character, the hero of legends and fairy tales of the northern peoples of Russia's Far East. Kutkh is associated with the creation myths.

The 3-ruble silver coin (fine metal content 31.1 g, fineness 925/1,000) has a round shape and is 39.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The obverse of the coin features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION), ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of the coin features a relief image of a fairy-tale raven riding a sledge harnessed by a humpback salmon against the background of a landscape with a mountain and a forest, laser treated for matte finishing, and a colour image of the sun, the rays of which are made with the effect of light interference; and the inscriptions around the circumference: ‘ЛЕГЕНДЫ И СКАЗКИ НАРОДОВ РОССИИ’ (LEGENDS AND FOLKTALES OF RUSSIA) at the top and ‘ВОРОН КУТХ’ (RAVEN KUTKH) at the bottom.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 5.0 thousand pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at its face value.

Mikhail Mamuta appointed as Bank of Russia Deputy Governor (09.06.2026)

Tue, 09 Jun 2026 17:00:00 +0300

By the Order of the Bank of Russia Governor, effective 10 June 2026, Mikhail Mamuta, member of the Bank of Russia Board of Directors, has been appointed Bank of Russia Deputy Governor. Previously, he headed the Service for Consumer Protection and Financial Inclusion of the Bank of Russia.

Concurrently, the Service for Consumer Protection and Financial Inclusion will be reorganised into two new structural units: the Service for Consumer Protection (SCP) and the Conduct Supervision Department (CSD).

Thus, the SCP will combine regulatory and analytical functions in the field of consumer protection, interaction with consumers, as well as financial literacy and inclusion, while the CSD will focus on reactive and preventive conduct supervision and methodological support for conduct supervision. These changes will enhance the work efficiency in the relevant areas and speed up decision-making.

Ekaterina Butova will be appointed as Acting Head of the Service for Consumer Protection, and Sergey Kolganov will be appointed as Acting Director of the Conduct Supervision Department. Earlier, they held the positions of Deputy Heads of the Service for Consumer Protection and Financial Inclusion. Mikhail Mamuta will oversee the activities of the said structural units.

The Service for Consumer Protection and Financial Inclusion will be abolished in December 2026.

Bank of Russia to change procedure for calculating official exchange rate of euro (05.06.2026)

Fri, 05 Jun 2026 20:00:00 +0300

From 8 June 2026, the Bank of Russia sets the official euro/ruble exchange rate based on the US dollar/ruble and euro/US dollar exchange rates set by the European Central Bank as of 15.30 Moscow time on the same business day.

This change is associated with low trading in the euro/ruble currency pair in the domestic FX market, which makes the daily direct calculation of the euro/ruble exchange rate based on actual FX transactions less representative.

As before, the US dollar/ruble exchange rate will be calculated based on reporting data from credit institutions on the results of interbank FX transactions in the over-the-counter (OTC) FX market.

The Bank of Russia usually publishes the official exchange rates on its website before 18.00 Moscow time.

Chuvash Republic: new commemorative coin (04.06.2026)

Thu, 04 Jun 2026 10:09:00 +0300

On 5 June 2026, the Bank of Russia issues a 10-ruble base metal commemorative coin ‘Chuvash Republic’ of The Russian Federation series (Catalogue No. 5714-0116).

The coin has a round shape and is 27.0 mm in diameter. The coin is combined, comprising a disc and an outer ring.

The obverse and the reverse of the coin have a relief rim around the circumference.

The edge of the coin is corrugated and has the inscriptions ‘ДЕСЯТЬ РУБЛЕЙ’ (TEN RUBLES) recurring twice and divided by asterisks.

The obverse of the coin features the inscriptions on the ring around the circumference ‘БАНК РОССИИ’ (BANK OF RUSSIA) at the top and ‘2026’ at the bottom. There are images of laurel and oak twigs on the left and right of the outer ring, respectively, with their elements extending onto the disc. The figure ‘10’ and the inscription ‘РУБЛЕЙ’ (RUBLES) below, denoting the face value of the coin, are in the centre of the disc. The figure ‘0’ features a security element inside in the form of the figure ‘10’ and the inscription ‘РУБ’ (RUB) visible at various viewing angles to the coin surface. The Moscow Mint trademark is at the bottom of the disc.

The reverse of the coin features a relief image of the coat of arms of the Chuvash Republic and the inscriptions divided by points around the circumference ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) at the top and ‘ЧУВАШСКАЯ РЕСПУБЛИКА’ (CHUVASH REPUBLIC) at the bottom.

The mintage of the coin is 1.0 million pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at its face value.

Results of monitoring of credit institutions’ maximum interest rates (03.06.2026)

Wed, 03 Jun 2026 16:25:49 +0300

The May 2026 results of the monitoring of the maximum interest rates on deposits¹ in Russian rubles of the top ten credit institutions² attracting the largest amount of household deposits are as follows:

the first 10 days of May – 13.04%;

the second 10 days of May – 13.04%;

the third 10 days of May – 12.97%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

³ Average maximum interest rates on deposits: for up to 90 days – 12.52%; for 91 to 180 days – 12.67%, for 181 days to one year – 12.45%; and for over one year – 11.42%.