Russia cut interest rates for the first time since March 2018 and signaled more easing at one of its upcoming meetings as growth slowed and inflation retreated closer to the central bank’s target.
The key rate was cut to 7.50 percent from 7.75 percent, according to a statement on Friday. That matched 33 forecasts in a Bloomberg survey, while two economists expected no change. Bank of Russia Governor Elvira Nabiullina will hold a news conference at 3 pm in Moscow.
