Russia's Central Bank Cuts Rates Amid Economic Challenges and Sanctions
TL;DR Summary
Russia's central bank has cut its key interest rate and lowered its 2025 economic growth forecast due to high inflation, Western sanctions, and ongoing geopolitical tensions, particularly affecting the oil and gas sector which is vital to the economy.
- Russia’s central bank tries to prop up ailing economy with rate cut politico.eu
- Russia’s Central Bank Cuts Key Rate as New Sanctions Loom The Wall Street Journal
- Russia Cuts Rate to 16.5% as Refinery Attacks Feed Inflation Bloomberg
- Russian Central Bank Cuts Key Rate to 16.5% as Economy Slows The Moscow Times
- The Specter of Stagflation Looms Over Russia Center for European Policy Analysis (CEPA)
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