Russia cuts interest rate

RUSSIA / FSU POLITICS - In Brief 08 Feb 2020 by Alex Teddy
On February 7 Russia reduced its interest rate for the 6th consecutive time. The Russian Central Bank is dealing with weak inflation. The new 6% interest rate will take effect on February 10. The current interest rate is 6.25%. The RUB has not been impacted by the announcement. Inflation in January was 2.4%. The Russian Central Bank's target is 4%.

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