Tuesday, July 16, 2024
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Russia’s central financial institution cuts key price to eight.0 %

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

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

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