Friday, February 13, 2026 at 10:51 AM
Russia's central bank has lowered its key interest rate to 15.5% for the sixth consecutive time, while indicating that further cuts may depend on inflation trends as the war in Ukraine nears its fourth year.
Kenya’s central bank cut its key lending rate as East Africa’s largest economy continued a policy-loosening cycle to boost private-sector lending and economic growth.
Uganda’s central bank maintained its key lending rate at 9.75%, citing rising inflationary pressure and high oil prices amid sustained geopolitical uncertainty.
The reading increases the chances of a rate cut by the Bank of England when policymakers next meet in March.
Gold was higher. ING said its latest decline appeared to be a corrective pause rather than the start of a deeper downturn.
