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Russia: Interest Rate Cut for the First Time in 3 Years

Summary by Al Bawaba
In a move aimed at supporting an economy hurt by high borrowing costs, the Russian Central Bank on Friday cut its key interest rate by a percentage point to 20%, its first cut in nearly three years, amid a gradual decline in inflation...

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Al BawabaAl Bawaba
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Russia: Interest Rate Cut for the First Time in 3 Years

In a move aimed at supporting an economy hurt by high borrowing costs, the Russian Central Bank on Friday cut its key interest rate by a percentage point to 20%, its first cut in nearly three years, amid a gradual decline in inflation...

·Amman, Jordan
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Al Bawaba broke the news in Amman, Jordan on Monday, June 9, 2025.
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