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Friday marked the second-straight time the Bank of Russia cut its interest rate after it lowered borrowing costs in early ...
Russia’s central bank has cut the country’s key interest rate to 18%. In a statement Friday, it cited falling inflation and slowing domestic demand.
Russia's central bank today lowered interest rates to 18% from 20% earlier, its steepest cut in more than three years as ...
A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.
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.
Officials have warned Russian President Vladimir Putin that a demographic crisis could mean the country he leads will be ...
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.
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