Daily Memo: Putin on Monetary Policy, Global Refugee Numbers

The Russian president made rare remarks on interest rates.

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Russian rates. Russian President Vladimir Putin said there were grounds to expect a cut in interest rates at a board of governors meeting later this month. He praised the decisions of the central bank’s chief, Elvira Nabiullina, saying they had yielded positive results, including a falling inflation rate (currently around 5 percent), despite a slowdown […]

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