Russia cuts key interest rate ...News

Russia Today - Economy
Russia cuts key interest rate
source : Russia Today ( News ) () 4
The Central Bank says inflation in the country is showing signs of subsiding The Central Bank of Russia cut the key interest rate three basis points on Thursday from 14% to 11%, as inflation in the country shows signs of subsiding, according to the regulator. The move is part of the easing of capital control measures adopted in March to protect the economy from the onslaught of Western sanctions. According to the regulator, “the latest weekly data points to a significant slowdown in the current price growth rates.” “Inflationary pressure eases on the back of the ruble exchange rate dynamics as well as the noticeab

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