Moscow shopping center in the photo at the beginning of this year.
Anadol Anadol Getty images
The Russian Central Bank on Friday reduced high interest rates for the first time from September 2022 described by President Vladimir Putin as “disturbing” – They begin to alleviate.
The Russian Bank reduced rates by 100 base points to 20%. They took place 21% from October last year, the highest level since the new comparative rate was introduced in 2013.
The inflation rate in April was 6.2%, he claims, compared to an average of 8.2% in the first quarter of 2025.
“While the increase in domestic demand is still exceeding the possibility of expanding the supply of goods and services, the Russian economy gradually returns to a balanced growth path,” said the central bank on Friday, adding that monetary policy will remain tense “for a long time” to return inflation to the target 4%.
Russia for full invasion of Ukraine in February 2022. pricesWith Weaker ruble raising import prices, and she had to on the economy Re -orientation over the next years of the war.
Hopes at the beginning of the year that US President Donald Trump may be able to push Moscow and Kijiv towards a permanent suspension of weapons, and even a contract for the end of the war, quickly decreased and They continue direct attacks between countries.
Still, there is a column So far the best efficient currency in the world this yearAccording to Bank of America, attributed to capital control, tightening of the policy and a decline in the American dollar. Greenback was 2.72% higher in relation to the ruble on Friday after announcing the rate reduction.
American dollar/Russian ruble.
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