Russia to Incorporate AI Forecasts into Central Bank Key Rate Decisions

Russia’s Central Bank is using AI to analyze massive volumes of economic data—adding neural network insights to traditional forecasting methods.

Artificial intelligence is now influencing one of the most critical levers of Russia’s monetary policy: the Central Bank’s key interest rate. According to Dmitry Masyuk, head of the search business group at Yandex, AI-generated analysis will soon be factored into official forecasts.

Unlike human analysts, AI systems can rapidly process vast amounts of financial and macroeconomic data, potentially surfacing subtle trends and overlooked signals that may inform the final rate-setting decisions.

Elvira Nabiullina, Governor of the Central Bank, has previously confirmed that the institution already uses AI in its internal operations. However, she emphasized that final decisions on rate policy still rest with human experts.

The growing role of AI comes as Russia continues to integrate cutting-edge digital tools across its economic infrastructure. One high-profile example is the rollout of the digital ruble—a new form of national currency used alongside cash and electronic payments.

A draft law allowing phased adoption of the digital ruble has already passed its first reading in the State Duma. Starting in 2025, the digital currency will be used in federal spending, with regional and municipal budgets to follow in 2026.