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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 ...
In June, Russia's manufacturing Purchasing Managers' Index sank to 47.5 — its sharpest pace of contraction since March 2022, according to S&P Global.
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.
A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.
Russia's central bank today lowered interest rates to 18% from 20% earlier, its steepest cut in more than three years as ...
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.
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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