The central bank announced the return of the Russian economy to a state of overheating, the regulator explained that this was recorded in the third quarter of 2026. As stated in the Bank of Russia materials following the discussion of the key rate, the economy has once again returned to a positive output gap, in which domestic demand exceeds production capacity. "Under these conditions, it is necessary to maintain the moderating effect of monetary policy," the document states. Following the meeting on October 23, the central bank kept the key interest rate at 14% per year.

The central bank announced the return of the Russian economy to a state of overheating, the regulator explained that this was recorded in the third quarter of 2026. As stated in the Bank of Russia materials following the discussion of the key rate, the economy has once again returned to a positive output gap, in which domestic demand exceeds production capacity. "Under these conditions, it is necessary to maintain the moderating effect of monetary policy," the document states. Following the meeting on October 23, the central bank kept the key interest rate at 14% per year.