The move by the central bank comes amid an improved economic outlook for the country The Bank of Russia (CBR) has lowered its benchmark interest rate from 8% to 7.5% amid an expected slowdown in annual inflation, the central bank announced following a monetary policy meeting on Friday. “Current consumer price growth rates remain low, contributing to a further slowdown in annual inflation… Q2 GDP and high-frequency indicators point to stronger dynamics of business activity than the Bank of Russia expected in July… Monetary conditions continued to ease, and the Bank of Russia views them as overall neutral,” the regu
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