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25-07-2022, 05:29 PM
https://www.cnbc.com/2022/07/22/russia-s...-move.html
It is the fifth rate cut by the Central Bank of Russia so far this year after an emergency hike from 9.5% to 20% in late February, following Moscow’s invasion of Ukraine.
In June, it reduced the rate by 150 basis points to 9.5% — the level it was at when the invasion began.
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It is the fifth rate cut by the Central Bank of Russia so far this year after an emergency hike from 9.5% to 20% in late February, following Moscow’s invasion of Ukraine.
In June, it reduced the rate by 150 basis points to 9.5% — the level it was at when the invasion began.
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