Russia’s central bank cuts interest rates for first time since 2022
Move lowers borrowing costs to 20% and follows reduction in inflation
Move lowers borrowing costs to 20% and follows reduction in inflation

Second reduction in two months lowers borrowing costs to 18%

Third cut since June lowers borrowing costs to 17% but reduction was less than expected by economists

Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown

Central bank governor insists ‘no need’ for recapitalisation of large lenders despite Moscow’s cooling war economy

Policymakers lower the benchmark repo rate by half a percentage point to 5.5 per cent as fears over inflation ease

Three top US central bankers object to move in biggest revolt since 2019