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152 views • April 8, 2022

Russia Cuts Interest Rate From 20 Percent to 17 Percent

NTD News
NTD News
The ruble surged to a five-month high Friday after Russia cut its interest rate. In February, it raised the key rate all the way to 20 percent in response to Western sanctions over invading Ukraine, and now it's bringing it down by 300 basis points, to 17 percent.
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