- Regional Directory
- Asia Pacific
- Daily Memo
- Middle East and North Africa
- United States
Daily Memo: Russia Cuts Rates Again, US-South Korea Training Resumes
This is the Russian central bank's fifth rate cut since February.
Russian rates. Russia’s central bank slashed its key interest rate from 9.5 percent to 8 percent. Although it was no surprise that the bank decreased the rate, it was expected to be a more modest cut. It was the fifth consecutive reduction since the bank raised the key rate from 9.5 percent to 20 percent […]