Space for key rate reduction narrows, Central Bank says
The Bank of Russia earlier slashed the key rate to 14.25% per annum
Space for key rate reduction narrows, Central Bank says The Bank of Russia has reduced its key rate to 14.25% per annum. This move indicates a narrowing window for further rate reductions. The central bank’s decision reflects current economic conditions and policy considerations.
- The Bank of Russia has lowered the key rate.
- The new key rate is 14.25% per annum.
- There is less opportunity for further rate reductions.
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