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.
IND Vs USA Live: When And Where To Watch Vaibhav Suryavanshi, Ayush Mhatre In Action During ICC U19 World Cup 2026 In India?
Mumbai News: City’s Oldest Ayyappa Pooja Mahotsav Marks 76th Year, Concludes With Grand Procession In Matunga
Injury Scare Ahead Of ICC T20 World Cup 2026? Washington Sundar RULED OUT Of IND vs NZ T20I Series
Sikkim State Lottery Result: January 14, 2026, 6 PM Live - Watch Streaming Of Winners List Of Dear Cupid Wednesday Weekly Draw
