JRL NEWSWATCH: “Russia Cuts Interest Rate to Shore Up Faltering Economy” – Wall Street Journal/ Georgi Kantchev
The central bank takes action as the country lurches towards a recession. “Russia’s central bank cut its benchmark interest rate in a move to shore up the country’s economy as it lurches toward a deep recession due to depressed oil prices and shutdowns over the spread of the coronavirus. … lower[ing] its key rate by a deeper-than-usual 50 basis points […]
» Read more