Close
Log in
Please enter your login details

Skip to main content

Banking

World news about “Banking” published by euronews.

30/01 13:47 CET

Russia cuts interest rate in surprise move seen as recession response

Russia cuts interest rate in surprise move seen as recession response

Russia's central bank is keeping the financial world guessing by unexpectedly cutting its main interest rate to 15 percent. Just over a month ago it pushed the rate up by 6.5 points to 17 percent after a run on Russia's currency the rouble. The cut comes amidst fears of…