俄罗斯央行在2024年6月的会议上连续第四次决定将基准利率保持在16%，维持了当前周期的峰值利率，并指出可能在即将举行的会议上加息。CBR表示，国内需求继续超过俄罗斯经济目前所能达到的产能水平，导致总供需失衡，并增加了通货膨胀风险。这种不平衡仍然是由于俄罗斯入侵乌克兰的余波和西方国家的制裁反应造成的，这些制裁将俄罗斯排除在关键供应链之外，并引发了劳动力危机，因为劳动年龄的男性逃离乌克兰以逃避军事动员。通胀的更大威胁以及来自人口和金融市场的通胀预期的飙升，促使央行表示，紧缩货币条件的时间将比4月份的预期更长。

The Bank of Russia held its benchmark interest rate at 16% for the fourth consecutive decision in its June 2024 meeting, maintaining the peak rate of the current cycle, and noted that it may deliver a rate hike in its upcoming meeting. The CBR stated that domestic demand continues to outstrip the current capacity levels that the Russian economy can achieve, driving an imbalance between aggregate supply and demand, and lifting inflation risks. Such imbalances are still owed to the fallout from the Russian invasion of Ukraine and the responses of sanctions from Western states, which shut out Russia from key supply chains and triggered a labor crisis, as working-aged men fled the country to escape military mobilization. The greater threat of inflation and the jump in inflation expectations from the population and financial markets drove the central bank to state that tight monetary conditions will be required for a longer time than expected in April.