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Bank of Russia cuts key rate from 20% to 18% per annum
Current inflationary pressures, including underlying ones, are declining faster than previously forecast, the Central Bank noted
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tass.com
FACTBOX: Bank of Russia’s key rate
The lowest refinancing rate, 7.75%, was introduced on June 1, 2010, and remained in effect until February 28, 2011
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Bank of Russia cuts key rate from 20% to 18% per annum
Current inflationary pressures, including underlying ones, are declining faster than previously forecast, the Central Bank noted
