Russia cuts interest rate to pre-sanctions levels

Jun 10th 2022 8:24am EDT

The Central Bank says inflationary risks continue to subside The Central Bank of Russia slashed its key interest rate on Friday from 11% to 9.5%. The regulator noted that inflation in the country shows signs of easing. “The external environment for the Russian economy remains challenging and significantly constrains economic activity. At the same time, […]

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