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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