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Russia cuts key interest rate to 20%, signaling economic slowdown and easing inflation pressures.
Russia's central bank cut its key interest rate to 20% from 21%, its highest level in two decades, as the economy slows and inflation pressures ease.
This marks the first rate cut since September 2022.
While inflation remains above 10%, the bank stated the economy is gradually returning to balanced growth.
Despite the cut, monetary policy will remain tight for a long period, with the inflation target of 4% not expected to be met until next year.
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Rusia reduce la tasa de interés clave al 20%, señalando una desaceleración económica y aliviando las presiones inflacionarias.