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Russia cuts interest rate ...News
The Bank of Russia flags more cuts in 2022 Russia’s central bank cut its key interest rate on Friday, saying that it saw room for further decrease this year, as the regulator tries to tackle soaring inflation and support the country’s shrinking economy. The Central Bank of Russia lowered the key rate to 14% from 17% as it looks to mitigate the impact of international economic sanctions introduced against the nation over the military operation in Ukraine. The ruble’s rebound from sharp losses in the days immediately following February 24 had slowed the surge in consumer prices during the subsequent weeks, the regul
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