Bank of Russia cuts interest rate amid economic problems

Government

The Central Bank of Russia decided on Friday to reduce the monetary policy rate from 16% to 15.5%, due to the difficulties facing the national economy, according to Reuters. The Moscow institution informed: "The central bank will assess the need for further interest rate cuts at future monetary policy meetings, depending on the sustainability of the slowdown in inflation and the dynamics of inflationary expectations. The base scenario indicates an interest rate between 13.5% and 14.5% in 2026,

Tag-uri: Inflatie