‘Colossal uncertainty’: Russia surprises with bigger rate cut


Russia’s central bank cut interest rates more than forecast and indicated that borrowing costs may fall even lower, as priorities shift to supporting an economy derailed by international sanctions over the invasion of Ukraine. Three weeks after reversing part of the emergency hike delivered after the attack, the Bank of Russia again lowered its benchmark by three percentage points to 14%. All e...

Read Complete Article

Post a Comment

Previous Post Next Post