Russia cuts interest rate by 100 bps from 20-year high; warns tight policy will stay
Friday, 6 June 2025 () Russia's central bank has lowered its key interest rate to 20 percent, a first cut since September 2022, signaling an attempt to balance economic growth and inflation control. This decision comes amid calls to ease high borrowing costs that were hindering investment.
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..
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Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fed’s latest economic report as a “complete mess.” Trump accused..
Friday, 6 June 2025 ()
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