Russia has reduced high interest rates for the first time since 2022

Central Bank of Russia on Friday first reduced interest rates Described by President Vladimir Putin as “disturbing” – They start easily easily.

The Bank of Russia decreased by 100 basic points to 20%. They have passed in 21% since October last year, the highest level since the new benchmark was introduced in 2013.

The inflation rate in April amounted to 6.2%, compared to the average of 8.2% in the first quarter of 2025.

“Although the growth of domestic demand is still exceeding the possibility of expanding the supply of goods and services, the Russian economy is gradually returning to a balanced rise,” the Central Bank said on Friday, adding that the monetary policy will remain tough “over a long period” to return inflation to 4%.

A full -scale invasion of Ukraine in February 2022 inflicted a huge tension pricesC of A the weaker ruble Pushes to import prices and the economy had to re-oriented through the next years of war.

Hope at the beginning of the year that US President Donald Trump will be able to push Moscow and Kiev to a strong ceasefire or even the ceasefire agreement has decreased quickly and Straight attacks between countries are ongoing.

Despite this, the ruble The best currency in the world is still this yearAccording to the Bank of America, it is attributed to control over capital, increased policies and US dollar decline. On Friday, Friday after the proclamation of the rate reduced was 2.72% higher.

This news story and will soon be updated.