The Central Bank says inflationary risks continue to subside The Central Bank of Russia slashed its key interest rate on Friday from 11% to 9.5%. The regulator noted that inflation in the country shows signs of easing. “The external environment for the Russian economy remains challenging and significantly constrains economic activity. At the same time, inflation is slowing faster and the decline in economic activity is of a smaller magnitude than the Bank of Russia expected in April,” the CBR’s statement reads. It also indicated that further rate reductions may follow. The CBR more than doubled rates in February,
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