You're reading: BBC: Russia cuts interest rates from 17 percent to 15 percent

BBC: Russia cuts interest rates from 17 percent to 15 percent

By BBC.

Published Jan. 30, 2015 at 1:13 pm

A police officer guards the entrance to the head office of the Central Bank in Moscow on Dec. 17, 2014.

Photo by AFP PHOTO / YURI KADOBNOV

Russia has cut its main interest rate from 17 percent to 15 persent because inflation "is stabilising".