The prolonged high-interest rates may further strain the Russian economy, posing additional hurdles for Putin s administration as it navigates through both domestic and international pressures.
The Bank of Russia left its key interest rate unchanged for the fifth policy session in a row on Friday, but did not rule out the possibility of a rate hike in future as inflation is rising gradually.
MOSCOW, April 8 Russia’s central bank announced today it was cutting its key interest rate, which had been hiked after troops were sent into Ukraine, saying risks to financial stability had “ceased to increase” for now. The February 24 military operation triggered a litany of Western.