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Russia’s Central Bank cuts Key Rate to 14.5%

Russia’s Central Bank lowered its key interest rate from 15% to 14.5% on Friday, marking its eighth consecutive cut since beginning a policy of monetary easing after previously hiking borrowing costs to a two-decade high to curb surging inflation. The 50-basis-point cut was widely anticipated by analysts, some of whom said it would amount to a compromise by policymakers.  [...]