Russia’s central bank speeds up rate cuts as war economy cools
Second reduction in two months lowers borrowing costs to 18%
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

Move lowers borrowing costs to 20% and follows reduction in inflation

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

Dwindling oil revenues and a widening deficit may force Moscow to cut some non-military spending in this month’s budget

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

Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds