Today news
About the same in other media
09.08 - 21:41
Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions
Reading now: 671
Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to contract less sharply than it did when Western sanctions were first imposed in response to the invasion of Ukraine.
The Bank of Russia lowered its key rate to 8% from 9.5%, the level it stood at before the late-February invasion of the country’s southern neighbor. The central bank’s first move as sanctions were rolled out and the ruble slumped was to more than double the key rate, but a rebound in the currency opened the way for a sequence of cuts.
Read more on wsj.comAbout this in other media
Bank of England will probably need to raise rates again, says deputy governor theguardian.com /2 years ago
Why do central banks raise interest rates to curb inflation? euronews.com /2 years ago
Soaring Inflation Puts Central Banks on a Difficult Journey cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
