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

Reuters

CenterHigh FactualityPrivate Equity: The Woodbridge Company

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.

CNBC

CenterMixed FactualityWealthy Private Owner: Roberts Family

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.

RTÉ

CenterHigh FactualityGovernment: Government of Ireland

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.

Financial Post

Lean RightMixed FactualityWealthy Private Owner: Leon CoopermanOther: Allianz

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

Russia’s central bank on Thursday lowered

Business Insider

Lean LeftHigh FactualityPrivate Equity: Kohlberg Kravis Roberts

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.

Bloomberg

Lean LeftMixed FactualityWealthy Private Owner: Michael BloombergPrivate Equity: The Vanguard Group

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