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

Summary by Ground News
The Bank of Russia lowered its key interest rate to 11% from 14%. That largely reverses a doubling of the key rate in the immediate aftermath of Russia's invasion of Ukraine. The initial hike to 20% from 9.5% in late February was intended to support a rapidly weakening ruble.
1 month ago·Moscow, Russian Federation

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Reuters

Russian central bank slashes key rate, sees room to cut further

Russia's central bank slashed its key interest rate to 11% on Thursday and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy heads towards a contraction.

1 month ago·United Kingdom
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CNBC

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

The Central Bank of Russia on Thursday cut its key interest rate from 14% to 11%, citing a slowdown in inflation and the recovery of the ruble.

1 month ago·United States
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RTÉ

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.

1 month ago·Ireland
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Financial Post

Russian central bank lowers key rate to 11% from 14%

Russia’s central bank on Thursday lowered

1 month ago·Canada
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Business Insider

Russia's central bank slashes interest rates to 11% as it tries to tame the rampant ruble

The central bank and government are now worried the rally in the ruble has gone too far, after propping up the currency with capital controls.

1 month ago·United States
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Bloomberg

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

1 month ago·United States
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Bias Distribution

50% of the sources are Center
Business Insider
Bloomberg
The Moscow Times
Reuters
CNBC
RTÉ
MarketWatch
La Libre
Financial Post
Daily Sabah
L 30%
C 50%
R 20%
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