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Bucking the global trend, Russia lowers interest rates again.

July 22, 2022

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Russia’s central bank cut its interest rate to 8 percent on Friday, lower than before the invasion of Ukraine, citing “subdued” consumer demand.

By Eshe Nelson | NYTimes | NYT > Business | Disclosure

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Bucking the global trend, Russia lowers interest rates again.

Russia’s central bank cut its interest rate to 8 percent on Friday, lower than before the invasion of Ukraine, citing “subdued” consumer demand.

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