Russia Cuts Interest Rates to 17 Percent as Ruble Recovers - The New York Times

The unscheduled rate change came after the ruble had regained most of its losses since Russia invaded Ukraine.

Russias central bank said on Friday that it would cut its interest rate to 17 percent, from 20 percent, beginning Monday amid signs that financial stability risks in the country were easing thanks to… [+905 chars]

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