Bank of Russia cuts key rate to 17% | News -

Bank of Russia cuts key rate to 17%

On April 8, the Bank of Russia lowered the key rate by 300 basis points to 17%. The regulator argued that the risks to the financial stability of the Russian economy, although they still remain, have ceased to grow and that there is a steady inflow of funds in term deposits. 

At the end of February, the Bank raised its key rate from 9.5% to 20%.

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