Russia's central bank decided for another sharp interest rate reduction on Friday as policymakers shifted its priority to supporting economic growth after the ruble strength lowered inflation.
The Board of Directors of Bank of Russia decided to cut the benchmark rate by 150 basis points to 9.50 percent, taking it back to the level seen before the war with Ukraine began.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.