Moscow, July 25, 2025 (AFP) - Russia slashes key rate amid slowdown fears

NAMPA / AFP

2025-07-25

Russia's central bank on Friday slashed its benchmark interest rate to 18 percent from 20 percent, its steepest cut in more than three years as policymakers race to avert a recession. Russia's economy has been marked by volatility since it sent troops into Ukraine in February 2022. The central bank jacked its interest rates to an eye-watering high of 21 percent last October to combat inflation and kept them at that level until last month, when it......

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