Russia maintains rate cut streak as Kremlin's wartime spending stalls

The Bank of Russia dropped its benchmark interest rate by 2 percentage points on Friday, cutting it to 18% in a direct response to a slowing economy. This was the central bank’s second consecutive cut, following its June decision to reduce the rate from 21% to 20%, ending a rate freeze that had lasted since […]

Source: cryptopolitan.com (Read Full Article)