Russia cuts interest rate as economy slows

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears of an economic slowdown after bloated spending on the Ukraine offensive. The bank is now gradually trimming interest rates from a two-decade high of 21 percent.

  News   Sep 12, 2025   0   26  Add to Reading List
Russia cuts interest rate as economy slows
Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears of an economic slowdown after bloated spending on the Ukraine offensive. The bank is now gradually trimming interest rates from a two-decade high of 21 percent.
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