
Russia’s First Interest Rate Cut Since 2022: Easing Inflation Pressures Drive Drop to 20%
Russia’s Interest Rate Shift: A Balancing Act Amid Economic Challenges The recent adjustment in Russia’s benchmark interest rate captures a significant moment in the nation’s economic landscape. After maintaining historically high rates for over two years to combat inflation and geopolitical turmoil, the Bank of Russia has taken the first step toward easing by reducing…