Moscow, Oct 24, 2025 (AFP) - Russia's central bank trims interest rate to 16.5% as economy slows

NAMPA / AFP
2025-10-24
Russia's central bank on Friday cut its key interest rate to 16.5 percent and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. Russia's economy "continues to return to a balanced growth path," the bank said in a statement, reversing course from two years of rapid expansion fuelled by military spending. It said inflation would remain high for longer than previously expected an......
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