Moscow, June 6, 2025 (AFP) - Russia cuts interest rates from two-decade high as economy slows

NAMPA / AFP

2025-06-06

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control. Russia's economy has been marked by volatility since it launched its full-scale military offensive on Ukraine in 2022, with growth now slowing after a period of what officials called "overheating". The Kremlin has massively ramped up mil......

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