Russia’s Central Bank has lowered the key rate from 14% to 11% | Russian_Monitor

Russia’s Central Bank has lowered the key rate from 14% to 11% in an effort to fight deflation, weaken the Ruble.

The national currency has strengthened way beyond the levels projected in the annual budget, thus threatening the balance.

The measure has already been felt in the market, as the exchange rate hiked to 62 RUR against USD and 64 RUR against EUR.

@Russian_Monitor