The Russian Central Bank has cut its key interest rate to 16.5%, marking its fourth consecutive reduction since June. This decision comes amid a slowing economy, with the central bank aiming to stimulate growth and support domestic demand.
The rate cut is part of a broader strategy to address economic challenges, including inflation and currency depreciation. Analysts suggest the move may help ease financial pressures on businesses and households, though its long-term impact remains to be seen.
The Bank’s decision to lower rates to 16.5% reflects a shift in monetary policy, signaling a move toward more accommodative measures. However, the effectiveness of this strategy will depend on external factors such as global economic conditions and geopolitical tensions affecting Russia’s markets.