The regulator has cut interest rates for the first time in almost three years The Bank of Russia has lowered its key interest rate by 100 basis points to 20%, citing a slowdown in inflation. It is the first rate cut since 2022, when the regulator embarked on an aggressive monetary policy to stabilize the Russian economy in response to a raft of Western sanctions. In a statement on Friday the central bank noted that “the high key rate has led to a significant slowdown in inflation.” According to

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