Catch up locals' news in English
2022-06-10T10:46:49.343Z
The Bank of Russia lowered the key rate to 9.5% per annum. “The external environment for the Russian economy remains challenging and significantly limits economic activity. At the same time, the slowdown in inflation is happening faster, and the decline in economic activity is on a smaller scale than the Bank of Russia expected in April,” the regulator said in a statement. On May 26, the Central Bank lowered the key rate to 11% from 14% per annum.
“The external environment for the Russian economy remains challenging and significantly limits economic activity.
At the same time, the slowdown in inflation is happening faster, and the decline in economic activity is on a smaller scale than the Bank of Russia expected in April,” the regulator said in a statement.
On May 26, the Central Bank lowered the key rate to 11% from 14% per annum.
Source: russiart
