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Russia's central bank today lowered interest rates to 18% from 20% earlier, its steepest cut in more than three years as ...
The IMF now expects Russia's economy to grow 0.9% in 2025, down from the 1.5% it had projected in April.
Russia's economy is on the verge of sliding into recession and monetary policy decisions will now determine whether it falls into one or not, Economy Minister Maxim Reshetnikov warned on Thursday.
Friday marked the second-straight time the Bank of Russia cut its interest rate after it lowered borrowing costs in early ...
Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.
The International Monetary Fund has downgraded its forecast for the Russian economy, signaling the end of a short-lived ...
Russia this month cut interest rates for the first time since 2022, but borrowing costs remain close to record levels and for months businesses have complained of high rates stifling investment.
ECONOMIC SLOWDOWN Russia is seeing a sharp slowdown in economic growth as the budget comes under pressure from falling energy revenues and the central bank is trying to bring down inflation.
While trade shock could be less severe than initially feared, evidence is mounting that it is hurting the global economy, IMF ...