(Bloomberg) — Russia’s central bank unexpectedly slashed its key interest rate in a sign of confidence that the worst of the financial turmoil triggered by the invasion of Ukraine is past.
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Reversing part of the steep rate increase delivered after the attack, the central bank lowered the benchmark to 17% from 20% at an unscheduled meeting on Friday and said further cuts could be made in the months ahead if conditions permit. The ruble briefly halted its rebound…
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