Russian Central Bank cuts interest rates from 14% to 11%, citing lower inflation ...Egypt

EGYPT INDEPENDENT - News
Russian Central Bank cuts interest rates from 14% to 11%, citing lower inflation
source : EGYPT INDEPENDENT ( Egypt ) () 12
Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues — takes some of the heat out of inflation. The Russian Central Bank cut interest rates from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April, said the bank, which is now forecasting that annual inflation will decrease to 5–7% in 2023 and return to 4% in 2024. The bank raised interest rates to 20% as the Russian economy was hit by Western sanctions, but the latest move means they are now almost the same as before the invasion of Ukraine, when they stood at 9.5%. “External conditions for the Russian economy are still challenging, considerably constraining economi

Hence then, the article about russian central bank cuts interest rates from 14 to 11 citing lower inflation was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Russian Central Bank cuts interest rates from 14% to 11%, citing lower inflation )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News
Taylor Swift and Travis Kelce Ditched Tradition With Their Unconventional Bridal Party
Parade - before 11 hour & 9 minute
Taylor Swift and Travis Kelce’s love story, from friendship bracelets to wedding rings
Independent - before 11 hour & 12 minute
Rob Reiner Gets the ‘Last Laugh’ Against Trump in Secret Final Role as George Washington in Larry David’s HBO Show
Variety - before 9 hours & 58 minute
Taylor Swift and Travis Kelce’s Wedding Was Officiated by Adam Sandler
billboard - before 10 hours & 54 minute
Why BCCI chose Shreyas Iyer over Sanju Samson as T20I captain
cricketaddictor - before 6 hours & 32 minute
Momentary Unity at a Funeral Masks Deep Divisions Among Iran’s Leaders
The New York Times - before 2 hours & 37 minute
Cole Hauser Says Working on 'Dutton Ranch' Without Taylor Sheridan Was 'a Challenge' — But He and Kelly Reilly Are Just Getting Started
Parade - before 10 hours & 23 minute
'Just Married' message appears on MSG video screen during Emilie Ikeda's report
NBC NEWS - before 11 hour & 28 minute
Skechers' Pain-Free $42 Flip-Flops Feel Like 'Pillows,' and They’re Great for Summer Walks and Errands
Parade - before 8 hours & 38 minute
Employment & Labor Lawyers, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Lawsuit Against Collectors Universe, Inc., for Alleged Failure to Provide Meal Periods and Rest Breaks
PR Newswire - before 10 hours & 43 minute
‘90s ‘Saturday Night Live’ Star Officiated Taylor Swift and Travis Kelce’s Madison Square Garden Wedding
Parade - before 10 hours & 55 minute
Decades Later, This 'Simpsons' Episode Still Ranks as One of the Best Fourth of July Episodes in TV History
Parade - before 6 hours & 38 minute


Latest News

England vs Mexico at Azteca: Kickoff, altitude and weather explained

before 4 minute

Russia and US bear ‘special responsibility’ for global security – Putin

before 4 minute

ENG vs IND Live streaming details, when & how to watch 2nd T20I of England vs India Series 2026

before 4 minute

1982 Hit, Ranked Among the 'Best Summer Rock Songs Ever,' Became a Timeless Vacation Anthem

before 5 minute

Hospitals To Offer Trump Account Enrolment for Newborns

before 11 minute

Happy Independence Day, America: Your revolution inspired ours

before 13 minute

Karlovy Vary Focuses on Next Generation of European Filmmakers With Future Frames Program

before 13 minute

First Alert Weather: Yellow Alert for thunderstorms today, evening looking dry

before 14 minute

Settlers attack Palestinians in West Bank under protection of Israeli army

before 17 minute

Forget Nathan's Hot Dog Eating Contest—These TV Shows Turned Hot Dogs Into Comedy Gold

before 18 minute

Gaza Health Ministry: 38 Hospitals Out of Service, 1,700 Health Workers Killed

before 18 minute

Temperatures to hit 34°C – how long will the next heatwave last?

before 20 minute

The 2026 World Cup’s Most Political Team Is Also (Probably) Its Best

before 27 minute

Bomb squad shows off power of fireworks in Fourth of July weekend warning

before 27 minute

Kapil Dev explains why Virat Kohli reminds him of John McEnroe

before 27 minute