Russia's Central Bank cuts interest rates for first time in three years

Russia
# 06 June 2025 15:11 (UTC +04:00)

Russia’s central bank lowered interest rates for the first time in nearly three years amid easing inflation and signs the economy is struggling under the weight of high borrowing costs, APA reports citing Bloomberg.

The Bank of Russia reduced the benchmark rate by a full percentage point to 20% on Friday. Five economists surveyed by Bloomberg had expected the move, with one forecasting a decrease of 200 basis points. Four others expected no change from the record-high level of 21%.

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