Russia’s central financial institution cuts key price to eight.0 %

Moscow: Russia’s central financial institution on Friday minimize its key rate of interest to under the extent seen earlier than President Vladimir Putin despatched troops to Ukraine in February.

The Financial institution of Russia minimize its key rate of interest to eight.0 % from 9.5 %, pointing to a “additional slowdown in annual inflation” however warning that “the exterior surroundings for the Russian economic system stays difficult.”

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