Russia cuts interest rate by 100 bps from 20-year high; warns tight...

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Russia cuts interest rate by 100 bps from 20-year high; warns tight policy will stay

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Russia's central bank has lowered its key interest rate to 20 percent, a first cut since September 2022, signaling an attempt to balance economic growth and inflation control. This decision comes amid calls to ease high borrowing costs that were hindering investment.

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