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Russia , Sunday 30 August 2026

Russia cuts interest rate to 17% as strains show in wartime economy

Published on: Friday 12 September 2025

Russia cuts interest rate to 17% as strains show in wartime economy Russia's central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank’s inflation warnings in its policy statements underlined the stresses in the Kremlin’s wartime economy. The contrast between a rate cut and continued inflation warnings reflects serious frictions in the Russian economy.


News source: https://finance.yahoo.com/news/russia-cuts-interest-rate-17-140216475.html

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