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Bank of Russia cuts key rate to 20% following prolonged period of tight monetary policy
The regulator said that further decisions on the key rate will be made depending on the speed and sustainability of the decline in inflation and inflation expectations
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tass.com
Bank of Russia cuts key rate to 20% following prolonged period of tight monetary policy
The regulator said that further decisions on the key rate will be made depending on the speed and sustainability of the decline in inflation and inflation expectations
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cnbc.com
Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease
Inflation in Russia hit 8.3% in the first quarter of the year, with the effects of the war in Ukraine continuing to be felt in the economy.