Russia's Central Bank Cuts Key Rate for Third Time
The Bank of Russia has lowered its key interest rate from 18% to 17%, marking the third consecutive cut. This decision aims to stimulate economic growth and alleviate pressure on borrowers as the economy and inflation have slowed following a period of rapid growth driven by government spending related to the war in Ukraine.
Russia's Central Bank Cuts Key Rate for Third Time
The Bank of Russia has lowered its key interest rate from 18% to 17%, marking the third consecutive cut. This decision aims to stimulate economic growth and alleviate pressure on borrowers as the economy and inflation have slowed following a period of rapid growth driven by government spending related to the war in Ukraine.
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