Russian central bank cuts interest rate

Mubasher: Russia's central bank cut interest rates by 50 basis points to 10% on Friday, according to a statement.

Lower interest rates resulted from the inflation slowdown and unstable economic activity.

Inflation in Russia stood at 6.9%, the bank’s recent data showed.

Mubasher Contribution Time: 16-Sep-2016 14:38 (GMT)
Mubasher Last Update Time: 16-Sep-2016 14:38 (GMT)