The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed GDP has been shrinking this year. The latest cut brought rates down by 1 percentage point to 17% and marked the third reduction since June as sky-high… This story appeared on fortune.com , 2025-09-13 21:05:16.478000.
Author: fortune.com
Published at: 2025-09-13 21:05:16
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