MOSCOW (AFP) – Russias central bank on Friday cut its main interest rate to 14 percent from 15 percent as it juggled the need to resuscitate its crisis-hit economy against fears of rising inflation.The rate cut is the second since the start of the year after a mammoth increase in December that came as authorities scrambled to put a lid on economic turmoil sparked by Western sanctions over Ukraine and tumbling oil prices.The bank said in a statement that it had decided to reduce the key rate from 15 to 14 percent per annum taking into account that the balance …read more
Source: Dunya TV
