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Russia Slashes Key Interest Rate, Signals More Easing

Russia’s central bank cut the key interest rate for the first time in over a year in line with its earlier guidance, and hinted at more reduction in future amid slowing inflation and weaker growth. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 25 basis points to 7.50 percent, the Bank of Russia said in a statement on Friday.
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