--- title: "Bank of Russia Holds Key Interest Rate at 14%" publication: "MediaBias News" url: "https://mediabias.news/business/bank-of-russia-holds-key-interest-rate-at-14" api: "https://mediabias.news/api/v1/stories/bank-of-russia-holds-key-interest-rate-at-14" markdown: "https://mediabias.news/business/bank-of-russia-holds-key-interest-rate-at-14.md" audio: "https://mediabias.news/api/audio/bank-of-russia-holds-key-interest-rate-at-14" category: "Business & Economy" area: "Russia" published: "2026-09-11T12:05:15.652Z" source_reported: "2026-09-11T11:29:36.000Z" updated: "2026-09-11T12:05:15.652Z" trust_score: 42 critic_score: 57 hype_score: 20 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-09-11T12:00:40.582695+00:00" --- # Bank of Russia Holds Key Interest Rate at 14% *Central bank cites rising inflation and price pressures, pausing a cycle of monetary easing.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 42 of 100, higher is better. Central bank rate decision reported by 21 outlets, with 2 providing full reports and 19 digests. - Craft 57 of 100, higher is better. Reporting includes quotes from the central bank and context on economic factors and previous rate changes. - Hype 20 of 100, lower is better. Headlines and digests are largely factual, with minimal sensationalism or exaggeration. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - The Bank of Russia kept its key interest rate at 14%, pausing a monetary policy easing cycle. - Rising inflation and price pressures were cited as reasons for the decision. - Annual inflation in Russia stood at 6.3% as of September 7. - This marks the first pause in rate cuts since April or June 2025. The Bank of Russia maintained its key interest rate at 14% on September 11, 2026. This decision represents the first pause in a cycle of monetary policy easing that had been ongoing since April or June 2025. The central bank cited rising inflation and price pressures as the primary reasons for holding the rate steady. Annual inflation in Russia was reported at 6.3% as of September 7, 2026. The Bank of Russia's previous rate adjustment was a cut in July 2026, which lowered the key rate from 14.25% to 14%. ## Reasons for maintaining the rate The Bank of Russia stated that rising fuel costs, attributed to Ukrainian drone attacks on oil refineries and a reduction in production capacities, are contributing to difficulties in controlling inflation. The regulator also noted that volatile components, including motor fuel, fruit, and vegetables, have significantly impacted price dynamics in recent months. Elevated inflation expectations among households and businesses were also cited as a factor impeding a sustained slowdown in inflation. ## What the coverage left out None of the centre or right-rated reports mentioned the Bank of Russia's previous rate cut in July 2026, which lowered the rate from 14.25% to 14%. Additionally, no left-rated outlet ran this story. ## Who covered it Shares of the 6 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 33% (2) - Right: 67% (4) 15 of 21 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-09-11T12:00:40.582695+00:00. **Coverage watch:** developing. Checked 1 time; 0 checks found a material change. Most recently checked 2026-09-11T12:15:26.458Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - The centre-rated reports focused on the Bank of Russia's decision to hold the key interest rate at 14% due to inflation risks. The Moscow Times reported that rising fuel costs, driven by Ukrainian drone attacks on oil refineries, and a "temporary reduction in production capacities" were cited as reasons for the difficulty in taming inflation. This report also noted that while high borrowing costs were weighing on economic growth, business leaders were pressing for lower rates. Bloomberg's digest stated the rate was held for the first time in 15 months to contend with inflation risks from fuel disruptions and increasing state spending. ### Right - Right-rated reports highlighted the Bank of Russia's decision to maintain the key rate at 14% per annum. EADaily's full report did not contain further details beyond the headline. The Moscow Times digest mentioned the regulator explained the decision by increasing price pressure and rising steady inflation to 5-6% in annual terms. Interfax.ru's digest stated the Bank of Russia would make further decisions on the key rate depending on the dynamics of inflation and inflationary expectations, as well as an assessment of risks from internal and external conditions. Vz.ru's digest noted that most analysts predicted this development against the background of inflationary risks. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - veryLow: 1 - low: 1 - mixed: 2 - high: 1 - unknown: 15 - veryHigh: 1 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [RTVI](https://rtvi.com/news/v-gosdume-svyazali-reshenie-czb-po-klyuchevoj-stavke-s-czenami-na-benzin) — In the State Duma, the B.C.'s Decision at the Key Rate Was Tied to the Price of Petrol. - [news-pravda.com](https://news-pravda.com/russia/2026/09/11/2583630.html) — The main thing is by this hour. The Bank of Russia kept the key rate at 14% per annum, the regulator explained the decision by increasing price pressure and rising steady inflation to 5-6% in annual terms - [Banker.az](https://banker.az/rusiya-m%c9%99rk%c9%99zi-banki-faiz-q%c9%99rarini-aciqlayib-4) — Central Bank of Russia Announced Its Interest Rate Decision - [vedomosti.ru](https://vedomosti.ru/finance/articles/2026/09/11/1227938-bank-rossii-sohranil) — The Bank of Russia Kept the Rate at 14%. - [Dagens industri](https://di.se/live/ryska-centralbanken-lamnar-styrrantan-oforandrad) — Russian Central Bank Leaves Key Interest Rate Unchanged - [ekonomim.com](https://ekonomim.com/kuresel-ekonomi/rusyada-faiz-sabit-riskler-yukarida-merkez-bankasindan-genislemeci-maliye-politikasi-cikisi-haberi-917619) — Interest Rates Are Stable in Russia, but Risks Are High: The Central Bank Is Exiting Expansionary Fiscal Policy. - [Unknown](https://novayagazeta.eu/articles/2026/09/11/tsb-ostavil-kliuchevuiu-stavku-na-urovne-14-do-etogo-reguliator-snizhal-ee-na-neskolkikh-zasedaniiakh-podriad-news) — The BC Left a Key Rate of 14%, Which the Regulator Had Previously Reduced in Several Consecutive Meetings. - [Bloomberg](https://bloomberg.com/news/articles/2026-09-11/russia-holds-rate-for-first-time-in-15-months-on-inflation-risks) — Russia Holds Rate For First Time in 15 Months on Inflation Risks - [EADaily](https://eadaily.com/ru/news/2026/09/11/sovet-direktorov-banka-rossii-vynes-reshenie-po-klyuchevoy-stavke) — The Board of Directors of the Bank of Russia Issued a Decision at the Key Rate: EADaily - [The Moscow Times](https://themoscowtimes.com/2026/09/11/russian-central-bank-holds-key-rate-at-14-a93688) — Russian Central Bank Holds Key Rate at 14% - [inbusiness.kz](https://inbusiness.kz/ru/last/bank-rossii-vpervye-s-aprelya-2025-goda-sohranil-klyuchevuyu-stavku) — For the First Time Since April 2025, the Bank of Russia Maintained a Key Rate. - [tvrain.tv](https://tvrain.tv/news/tsb-ostavil-kljuchevuju-stavku-na-urovne-14-575884) — What the Central Bank Decided on the Key Rate in September - [reform.news](https://reform.news/rossijskij-centrobank-prinjal-reshenie-ne-snizhat-kljuchevuju-stavku) — The Russian Central Bank Has Decided Not to Lower the Key Rate. - [vz.ru](https://vz.ru/news/2026/9/11/1450519.html) — BC Maintained a Key Rate of 14% Annual - [1prime.ru](https://1prime.ru/20260911/tsentrobank-873227093.html) — For the First Time in a Year, the Bank of Russia Maintained a Key Rate. - [Cryptocurrency News | Cryptocurrency Prices | Market Cap](https://cryptocurrency.com.tr/bank-of-russia-holds-interest-rate-amid-economic-pressures-374050) — Bank of Russia holds interest rate amid economic pressures - [Crypto Briefing](https://cryptobriefing.com/bank-of-russia-holds-interest-rate-amid-economic-pressures) — Bank of Russia holds interest rate amid economic pressures - [Interfax.ru](https://interfax.ru/business/1115512) — The Bank of Russia Maintained a Key Rate of 14%. - [vc.ru](https://vc.ru/money/3133288-cb-rossii-uderzhivaet-klyuchevuyu-stavku-14) — B.C. Kept a Key Rate of 14% Annual-- Money on vc.ru. - [Life.ru](https://life.ru/p/tsb-sohranil-klyuchevuyu-stavku-na-urovne-14) — BC Maintained a Key Rate of 14% - [BizToc](https://biztoc.com/x/75dc54011cc33293) — Bank of Russia keeps interest rates at 14% ## Questions **Why did the Bank of Russia keep its key interest rate at 14%?** The Bank of Russia maintained its key interest rate at 14% due to rising inflation and price pressures. Factors cited include increased fuel costs, disruptions in production capacities, and elevated inflation expectations among households and businesses. **When was the last time the Bank of Russia cut its key interest rate?** The Bank of Russia last cut its key interest rate in July 2026, reducing it from 14.25% to 14%. The current decision to hold the rate at 14% marks the first pause in a cycle of monetary policy easing that began in April or June 2025. **What was the annual inflation rate in Russia at the time of the decision?** As of September 7, 2026, the annual inflation rate in Russia was recorded at 6.3%. The central bank maintained its full-year inflation forecast at 6% to 7% and expects price growth to fall towards the 4% target next year. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/bank-of-russia-holds-key-interest-rate-at-14. Please cite as: MediaBias News, "Bank of Russia Holds Key Interest Rate at 14%", https://mediabias.news/business/bank-of-russia-holds-key-interest-rate-at-14