Russia’s central bank cut its key interest rates Tuesday to a record low, the ninth reduction since April, as it seeks to deter speculative bets on the ruble and ease credit flows to households and businesses. Bank Rossii cut the refinancing rate to 9 percent from 9.5% and reduced the repurchase rate charged on central bank loans to 8 percent from 8.5%, effective Wednesday.
By editor Nov 24, 2009, 3:25 PM
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