Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points on Friday, as inflationary pressures continued to ease.
The board of directors, governed by Elvira Nabiullina, decided to cut the key interest rate to 20.00 percent from 21.00 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.