Russian Central Bank cuts interest rates from 14% to 11%
Edited By WION Video Desk
Published: May 27, 2022, 06:59 IST | Updated: May 27, 2022, 06:59 IST
The Russian Central Bank cut interest rates from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April, which is now forecasting that annual inflation will decrease to 5–7% in 2023 and return to 4% in 2024.
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