Russia Surprises with Interest Rate Cut Amid Wartime Economic Pressure ...Middle East

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Russia Surprises with Interest Rate Cut Amid Wartime Economic Pressure
source : Devdiscourse ( Middle East ) () 92
In a surprising move, Russia's central bank slashed its key interest rate by 50 basis points to 15.5% on Friday, aiming to buoy the economy grappling with high wartime borrowing costs. This decision, made shortly after President Putin's call to revitalize economic growth, suggests potential further cuts.

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