UPDATE 1-Russia cuts rate to 5.5% amid coronavirus outbreak
Russia’s central bank on Friday
lowered its key interest rate to 5.50% and said
there was scope for more rate cuts this year as the economy
faces a plunge in oil prices and fallout from the coronavirus
outbreak.
lowered its key interest rate to 5.50% and said
there was scope for more rate cuts this year as the economy
faces a plunge in oil prices and fallout from the coronavirus
outbreak.
Posted by Reuters
