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Russia slashes key interest rate by 150 basis points in shock move
Finance

Russia slashes key interest rate by 150 basis points in shock move

July 22, 2022 admin-dominor



The cut takes Russia's key interest rate to 8%. Analysts had expected a rate reduction of 50 basis points, according to a Reuters poll.



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  • Turkey says a deal between Ukraine and Russia to unblock grain exports will be signed on Friday.
  • Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid

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