Russia has lowered its interest rates by 0.5 percentage points, from 10.5% to an annual rate of 10%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
This change is the first to have taken place since on June10th 2016, when the Central Bank lowered interest rates by 0.5 percentage points to 10.5%.
Here we show you the progression of interest rates in Russia. You can see interest rates in other countries in interest rates and see all the economic information about Russia in Russia economy.