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Russia Cuts Key Interest Rate to Pre-Invasion Level as Impact of Sanctions Wanes
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Russia’s central bank cut its key interest rate to the level it was at when the country invaded Ukraine in late February in a sign that the economy is weathering some of the pain caused by Western sanctions.
Explaining the move, the central bank said inflation has started to fall back from a post-invasion surge sooner than it had expected, thanks in large part to the ruble’s rebound.
Read more on wsj.comAbout this in other media
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