Russia's central bank on Friday cut its lending rate by 0.25 percentage point to 4.25 percent to support vulnerable sectors of the economy amid the COVID-19 pandemic.
The country's gross domestic product will likely decrease by 4.5-5.5 percent this year, but the economy will recover to a growth of 3.5-4.5 percent in 2021, the bank said in a statement.
Year-on-year inflation rose to 3.2 percent in June from 3 percent in May, which was largely due to an increase in fruit and vegetable prices, it said.
Inflation will reach 3.7-4.2 percent in 2020 and 3.5-4 percent in 2021, the bank predicted.
BMC Elections 2026 Results: 'BJP Could Have Crossed 100 Seats,' Says CM Devendra Fadnavis As He Hails Party’s Mumbai Performance | VIDEO
Mumbai Congress Row: Bhai Jagtap Seeks Varsha Gaikwad’s Resignation After BMC Poll Debacle, Party Issues Show-Cause Notice
Mumbai News: US Ambassador Sergio Gor Meets CM Devendra Fadnavis, Discusses Trade, Tech And Investment Ties
India Tour Of Australia: Kamalini, Vaishnavi Earn Maiden ODI call-ups; Shreyanka, Fulmali Return To T20I Squad
