Russia's Central Bank Cuts Key Rate for Tenth Straight Time

The Central Bank of Russia has made a decision on its key interest rate for July 24. According to a statement from the bank's press service, the rate decreased by 25 basis points to 14%. This marks the tenth consecutive meeting where the Central Bank has eased monetary policy.

EADaily previously reported that the work of the Central Bank Russia and Elvira Nabiullina was admired by an ex-employee of the Bank of England.