Russia’s Central Bank Unexpectedly Cuts Rates By 1.5%
Russia’s Central Bank cut its key interest rate by 150 basis points from 9.5% to 8% on Friday, citing a slowing in inflation. The cut marks fourth time this year Russia’s Central Bank has lowered its rate, after it implemented an emergency hike from 9.5% to 20% in the wake of Russia’s invasion of Ukraine. …
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