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- Central Bank of Russia lowers its key interest rate to 12.5%
Central Bank of Russia lowers its key interest rate to 12.5%
The Central Bank of Russia (CBR) lowered its key interest rate from 14% to 12.5% on Thursday. This decision indicates that inflation in Russia is under control.
It was the third cut in 2015.
"Amid ruble appreciation and significant contraction in consumer demand in February-April 2015, monthly consumer price growth declines and annual inflation tends to stabilise," the central bank said.
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