Despite the fact that Russia's central bank lowered its key interest rate from 14.5% to 14.25%, shares in the Russian state energy company Gazprom have sharply declined to their lowest level since 2008.
Gazprom shares sharply decline. Photo: Getty Images
Despite the fact that Russia's central bank lowered its key interest rate from 14.5% to 14.25%, shares in the Russian state energy company Gazprom have sharply declined to their lowest level since 2008.
Source: Russian media outlet The Insider
Details: The central bank's decision marked the ninth consecutive easing of monetary policy, but the market reacted negatively as it had expected a more significant rate cut.
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ЦБ признал влияние ударов по НПЗ на российскую экономику, ключевая ставка снижена символически, акции Газпрома упали до минимума за 13 лет
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