Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease

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Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease

cnbc.com/2025/06/06/russia-cuts-sky-high-interest-rates-for-the-first-time-since-2022.html

Russia's central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as "alarming" — are beginning to ease.
The Bank of Russia took rates down by 100 basis points…

This story appeared on cnbc.com, 2025-06-06 20:34:11.926000.