UPDATE 1-Russia lowers key interest rate to 6.5%, hints more cuts ahead
The Russian central bank lowered
its key interest rate to 6.5% on Friday, delivering its sharpest
rate cut in two years, and said it would consider the necessity
of further reductions in the next few months because of slowing
inflation.
its key interest rate to 6.5% on Friday, delivering its sharpest
rate cut in two years, and said it would consider the necessity
of further reductions in the next few months because of slowing
inflation.
Posted by Reuters
