The benchmark interest rate in Russia was last recorded at 18 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Russia Deposit Auction: 1 Week: Cut Off Rate data was reported at 20.010 % pa in 08 Apr 2025. This records a decrease from the previous number of 20.020 % pa for 01 Apr 2025. Russia Deposit Auction: 1 Week: Cut Off Rate data is updated weekly, averaging 7.500 % pa from Aug 2016 (Median) to 08 Apr 2025, with 431 observations. The data reached an all-time high of 21.000 % pa in 28 Jan 2025 and a record low of 4.170 % pa in 22 Dec 2020. Russia Deposit Auction: 1 Week: Cut Off Rate data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Monetary and Banking Statistics – Table RU.KAB013: Deposit Auction Results. [COVID-19-IMPACT]

Industry revenue is projected to expand at a compound annual rate of 2.3% over the five years through 2025 reaching €24 billion, including an estimated hike of 1.8% in 2025. Demand for stone cutting, shaping and finishing is largely contingent on downstream construction markets, most notably residential construction. The construction sector is influenced by factors such as exchange rates, supply chain issues and trade frictions. In recent years, economic headwinds have plagued the industry including fierce supply chain disruptions, a rising base rate environment and spiralling inflation. Although the construction sector experienced a robust recovery in 2021 following the pandemic-induced slowdown, it faced new challenges in 2022. A combination of factors, including sluggish economic growth and rising interest rates as European central banks aimed to curb inflation, contributed to the decline. Higher borrowing costs discouraged developers from initiating new construction projects. Additionally, the Russia-Ukraine conflict in 2022 caused energy prices to soar due to severe supply chain disruptions, leading to escalating operating expenses for stone cutters as the prices of stone and aggregate materials escalated. The inflationary environment also squeezed profitability, with raw material costs skyrocketing, driven by price hikes from upstream suppliers like stone quarries. In 2024, inflation began to ease, providing some relief for stone cutters; however, production cost pressures remained high. This situation prompted a greater emphasis on digital investments to improve efficiencies and achieve long-term cost savings. While inflationary pressures are starting to diminish, the industry continues to face economic uncertainty, as interest rates remain elevated despite recent reductions. Stone cutting, shaping and finishing revenue is projected to swell at a compound annual rate of 7.4% over the five years through 2030, reaching €34.2 billion. An improving economic environment in the medium term will support construction activity, driving demand for stone cutting, shaping and finishing. Inflationary pressures will also subside, allowing central banks to cut rates and reduce the cost of borrowing, which will incentivise investors to begin development projects. Solid government funding will push up revenue in the coming years, with initiatives like the Renovation Wave spurring on construction activity by focusing on energy and resource-efficient renovations.