Russia Cuts Key Interest Rate to 14.5 Percent
Governor Elvira Nabiullina announced a 50 basis point cut while noting that core inflation remains steady. The bank expects to resume foreign currency purchases.
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The central bank of Russia has announced a reduction in its key interest rate by 50 basis points, bringing the benchmark down to 14.5%. Following the decision, Governor Elvira Nabiullina detailed the internal deliberations and the broader economic landscape during a press conference in Moscow.
