The Central Bank of Russia held an urgent meeting on the 26th and announced that it would reduce the policy interest rate from the current 14% to 11%.
This will be the third interest rate cut since last month.
At the end of February after the invasion of Ukraine, the Central Bank of Russia raised the policy interest rate from 9.5% to 20%, almost doubling, in response to the plunge in the currency ruble.
However, interest rates have been lowered twice since last month, saying that the ruble market has picked up and inflation has calmed down.
"The risk of inflation is limited," the Central Bank of Russia said in a statement, while "the environment surrounding the Russian economy is harsh." I showed the idea.
Market officials said, "The recovery in the ruble market has put a stop to the acceleration of inflation for the time being, and there may be an idea to compensate for the decline in trade by stimulating the domestic economy." I'm talking to you.