Real key rate, ex ante
REAL_RATE_EX_ANTE · Monetary policy
Key rate less household inflation expectations one year ahead, percentage points.
Latest value
0.33% p.a.
Period August 2026 · Published Sep 6, 2026, 02:06 AM MSK
How to read it
Closer to how households experience the rate when deciding to save or borrow. It sits systematically below the current-inflation measure because expectations run above actual inflation, so compare it with its own history.
How it is measured
End-of-month key rate minus the median household expectation of inflation twelve months ahead.
History
| Date | Value | |
|---|---|---|
| August 2026 | 0.33% p.a. | |
| July 2026 | -0.70% p.a. | |
| June 2026 | 1.80% p.a. | |
| May 2026 | 1.48% p.a. | |
| April 2026 | 1.59% p.a. | |
| March 2026 | 1.61% p.a. | |
| February 2026 | 2.35% p.a. | |
| January 2026 | 2.34% p.a. | |
| December 2025 | 2.31% p.a. | |
| November 2025 | 3.23% p.a. | |
| October 2025 | 3.89% p.a. | |
| September 2025 | 4.40% p.a. |