Read more about Ruble on mend as Russia’s central bank cuts key interest rate on Business Standard. A currency collapse would worsen already high inflation for Russian shoppers by ballooning the cost of imported goods
Russia’s central bank says it’s lowering a key interest rate, and said more cuts could be on the way. The decision indicates the bank thinks strict capital controls and other severe measures are stabilizing Russia’s currency and financial system despite intense pressure from Western sanctions over the war in.
