Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

Friday marked the second-straight time the Bank of Russia cut its interest rate after it lowered borrowing costs in early June.

The Russian ruble has grown significantly in 2025 and is up 45% against the U.S. dollar this year. Interest rates on ruble deposits have similarly seen widespread growth, helping to attract investment savers.

Russian officials are telegraphing a slowdown of the country’s war economy -- the first major slump since the launch of the Kremlin’s invasion of Ukraine more than 40 months ago. What it means ...

Russia's central bank today lowered interest rates to 18% from 20% earlier, its steepest cut in more than three years as policymakers race to avert a recession.

The slowdown in Russia’s economic growth was part of a planned course of action, and current debates are centered on whether the economy should now be accelerated, Russian presidential spokesman ...

The Russian economy is on the brink of recession, with several key sectors showing dwindling productivity, according to analysis. Alexander Kolyandr from the Center for European Policy Analysis took to X to explain that the country's manufacturing sector was "losing its mojo", even in military production.

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.