Russian Stock Index Falls as Central Bank Cuts Rate to 14.25%
Published by WarSignal Editorial · Last updated
The Moscow Exchange index slipped after the Bank of Russia lowered its key policy rate to 14.25 percent.
In the interbank market, the U.S. dollar rose 17.03 kopecks to 73.49 rubles, while the euro fell 16.5 kopecks to 83.84 rubles.
The rate cut came as part of the central bank’s effort to manage inflation and support economic activity.
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