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15.06.2015 13:29 Central Bank of Russia lowers its key interest rate to 11.5%

 

The Central Bank of Russia (CBR) lowered its key interest rate to 11.5% from 12.5% on Monday. This decision was widely expected by analysts.

 

 

This decision indicates that inflationary pressure in Russia was weakening.

 

 

It was the fourth cut in 2015.

 

 

The central bank noted that it was ready for further interest rate cut.



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