Russia's central bank cuts key interest rate to 11%, citing decreased stability risks

Russian Central Bank Slashes Interest Rate for Third Time as Ruble Rises

Interest rates will be lowered from 14% to 11% from Friday.

Russian central bank cuts key rate, sees room for more

Russia's central bank lowered its key interest rate to 11% and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy is about to contract.

Russian central bank slashes interest rates to 11%, flags more cuts

The Central Bank of Russia on Thursday lowered its interest rates to 11% at an off-scheduled policy meeting and said it saw room for more cuts this year,...

Monetary policy: Russian central bank cuts key interest rate more strongly than expected

The central bank is making the third rate cut in a row and is looking forward to further steps. Inflation is, however, well above the target value.

Russia: Central Bank Lowers Key Interest Rate from 14% to 11%

The Russian central bank has lowered its main interest rate from 14% to 11% to cushion the consequences of the strengthening of the ruble, at a time when the authorities are struggling with the sanctions imposed because of the offensive against Ukraine.

Russia: Central Bank Lowers Key Interest Rate from 14% to 11%

To cushion the consequences of the strengthening of the rubles, the Russian central bank lowered its key interest rate from 14% to 11%. “The external conditions for the Russian economy remain difficult,” acknowledges the institution.