Russian Central Bank reduces interest rates to 11%

17:30 | 26.05.2022
Russian Central Bank reduces interest rates to 11%

Russian Central Bank reduces interest rates to 11%

The Central Bank of Russia has reduced the discount rate by three percentage points to 11% from 14%, reported from the bank. 

The change in the interest rate was caused by a strengthening ruble and a decline in inflation expectations of the population. 






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