Russian Central Bank cuts key interest rate to 16.5% from 17%. Rising fuel and food prices push inflation to 8% in October. Russia's finance ministry proposes 22% VAT in 2026. Annual inflation rises to 8.14% with weekly gauge above 0.2%. Bank expects 6.5%-7% inflation by end of 2025. MOEX stock index fluctuates after rate cut. Regulator will maintain tight policy until 2026-2027