Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery.

Russia’s central bank cuts key interest rate to 17% from 18% By Investing.com

Russia’s central bank cuts key interest rate to 17% from 18%

Russian central bank cautiously cuts key rate by 100 bps to 17%

The Russian central bank cut its key interest rate by 100 basis points to 17% on Friday, less than analysts had expected, pointing to stubbornly high inflation.

Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget deficit increases.

Russian central bank cuts interest rate as economy slows

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing concerns over an economic slowdown amid the Ukraine offensive.

Russian Central Bank cuts interest rate from 18% to 17%

According to Russia's Central Bank, current price growth indicators have "remained largely unchanged," while the economy continues to return to a path of "balanced growth."