{"id":163334,"date":"2025-06-06T16:03:13","date_gmt":"2025-06-06T16:03:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/163334\/"},"modified":"2025-06-06T16:03:13","modified_gmt":"2025-06-06T16:03:13","slug":"russias-central-bank-cuts-key-rate-from-historic-high-as-economy-slows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/163334\/","title":{"rendered":"Russia\u2019s Central Bank Cuts Key Rate From Historic High as Economy Slows"},"content":{"rendered":"<p data-start=\"121\" data-end=\"288\">Russia\u2019s Central Bank on Friday cut its key interest rate to 20% from a two-decade high of 21%, citing easing inflationary pressures and signs of an economic slowdown.<\/p>\n<p data-start=\"290\" data-end=\"483\">The move marks the bank\u2019s first rate cut since September 2022 and comes amid growing political pressure to ease borrowing costs, which businesses have argued are stifling investment and growth.<\/p>\n<p data-start=\"485\" data-end=\"674\">\u201cThe Russian economy is gradually returning to a balanced growth path,\u201d the Central Bank said in a statement, though it warned that monetary policy would \u201cremain tight for a long period.\u201d<\/p>\n<p data-start=\"676\" data-end=\"915\">The Kremlin has ramped up military spending since launching its full-scale invasion of Ukraine in 2022, fueling growth through weapons production and defense outlays even as Western sanctions weigh heavily on other sectors.<\/p>\n<p data-start=\"917\" data-end=\"1123\">Inflation remains above 10%, though the Central Bank said \u201cprice pressures\u201d are \u201ccontinuing to decline.\u201d<\/p>\n<p data-start=\"1125\" data-end=\"1225\">Policymakers officially target 4% inflation, but they do not expect to reach that level until 2026.<\/p>\n<p><strong>A Message from The Moscow Times:<\/strong><\/p>\n<p>Dear readers,<\/p>\n<p>We are facing unprecedented challenges. 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