Russian Central Bank Slashes Key Rate to 14.25%

AI Summary

The Russian Central Bank cut its key interest rate by 25 basis points to 14.25%, a move more cautious than market expectations of a 50 basis point cut. This signal reflects policymakers' conservative stance amid current economic conditions.

The 25-basis-point cut signaled that policymakers remain more cautious than market watchers anticipated, as analysts had broadly expected a larger, 50-basis-point cut.