⚡️ RUBT rate on Tetris Money

🟢 USDT/RUBT: 84.35 — Exchange Rate Board

MOEX and Central Bank rate:
🟢 USD/RUB F (MOEX): 83.7
🟢 USD/RUB (Bank of Russia): 83.8

What is moving the market today?

🟢 Bank of Russia: Seventh consecutive cut
Today, March 20, the Bank of Russia, as expected, lowered the key rate by 50 bps — from 15.5% to 15%. This is already the seventh step in the policy easing cycle. The regulator noted that the economy is moving toward a “balanced growth trajectory,” and inflation (5.9% as of mid-March) allows further cuts despite temporary spikes at the beginning of the year.

Why this matters for the rate:

🟢 Lower yields: Ruble assets are becoming slightly less attractive for carry trade, which technically weighs against the national currency.

🟢 Market expectations: Some market participants had expected a more radical move (to 14.5%), so the market reaction was restrained, but moderately negative for the ruble.

🟢 Signal for the future: The Bank of Russia kept its 2026 inflation forecast at 4.5–5.5%, signaling that the “window” for further cuts remains open, but the pace will be cautious.

The regulator’s decision confirmed the easing trend, which, amid a shortage of foreign currency supply from the Ministry of Finance, creates the conditions for a gradual weakening of the ruble.

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