The Bank of Russia is set to cut its key interest rate to 14% at its June 19 meeting, marking the ninth consecutive reduction from a wartime peak of 21%.

At its previous meeting in April, the Bank of Russia cut the key rate for the third consecutive time since the beginning of the year, lowering it by 0.5 percentage points to 14.5%…

The Bank of Russia's board of directors will consider the key rate at its next meeting on June 19