Russia

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Russia trims interest rate to 15%

A chain is seen wrapped around a road sign, with the coat of arms of the Russian central bank seen on it, near the headquarters of the bank in central Moscow yesterday. Russia cut its key interest rate by two points to 15 percent yesterday, as the economy slides toward recession due to a collapse in global oil prices and Western sanctions over the Ukraine crisis. ...

January 31, 2015, Saturday


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