Home » Russian central bank announces maxi rate cut from 14% to 11%, cites slowdown in inflation and stronger ruble

Russian central bank announces maxi rate cut from 14% to 11%, cites slowdown in inflation and stronger ruble

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Russian central bank announces maxi rate cut from 14% to 11%, cites slowdown in inflation and stronger ruble
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26/05/2022 09:50

The Central Bank of Russia surprisingly announced that it had cut the reference rates from 14% to 11%, therefore by 300 basis points. The move was motivated by …


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