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Russia cut its key interest rate to 15% in March 2026, the seventh straight reduction, to boost its sluggish economy amid slowing inflation.
Russia's central bank cut its key interest rate to 15% in March 2026, the seventh consecutive reduction, citing a slowdown in inflation after a January spike and a move toward balanced economic growth.
The decision reflects ongoing efforts to stimulate a sluggish economy, which expanded only 1% in 2025, while inflation is forecast to ease to 4.5%-5.5% in 2026 and return to the 4% target by 2027.
The rate cut comes amid heightened global uncertainty, rising oil prices driven by Middle East tensions, and a weaker ruble, which has boosted export revenues.
Despite these gains, business leaders say lower rates—around 12%—are needed to revive investment.
Rusia redujo su tasa de interés clave al 15% en marzo de 2026, la séptima reducción consecutiva, para impulsar su débil economía en medio de una desaceleración de la inflación.