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Russian Central Bank lowers key rate to 4.5%

© Gavriil Grigorov/TASS

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Russian Central Bank sees potential for key rate reduction to support economy

MOSCOW, June 19. /TASS/. The Bank of Russia has cut the key rate by 1 percentage point (p.p.) at once for the first time since 2015 to 4.5% per annum amid more profound disinflationary factors than expected, the regulator said in a statement following its board meeting on Friday.

"On 19 June 2020, the Bank of Russia decided to cut the key rate by 100 bp to 4.50% per annum. Disinflationary factors have been more profound than expected due to a longer duration of restrictive measures in Russia and across the world. The effect of short-term pro-inflationary factors has been largely exhausted," the statement said.

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Russia’s Battlegroup West inflicted more than 3,610 casualties on Ukrainian troops and destroyed six enemy ammunition depots in its area of responsibility over the week

Series of explosions rock central Kiev — eyewitnesses

Earlier, Ukrainian media reported about explosions in the capital, and local authorities informed about the work of air defenses

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

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Oreshnik’s launch is sudden, undetectable by satellites — analyst

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Regional authorities confirm deaths of five people in Magdeburg Christmas market attack

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Putin declares 2025 year of defender of Fatherland

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Anatoly Viktorov expressed his wholehearted support to the family of Yelena Trufanova whose son Alexander is still being held hostage in the Palestinian enclave

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Hungarian PM highlights need to lift sanctions on Russia once Ukraine conflict is resolved

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Russia manages situation in Ukraine, while West in big trouble — US political scientist

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