Russia cuts rates with one hand and fights sanctions with the other

Russia’s central bank cut its benchmark interest rate by one percentage point to 17% on Friday, seeking to support the economy as growth slows and war costs widen the deficit. The step reverses part of the emergency tightening that took the key rate to 21% to fight inflation. Officials moved after complaints from business leaders […] source: https://www.cryptopolitan.com/russia-cuts-rates-with-one-hand-and-fights-sanctions-with-the-other/