Russia’s Central Bank chief under pressure to cut interest rates amid economic strain of war, sanctions

Russia’s Central Bank chief under pressure to cut interest rates amid economic strain of war, sanctions

The Russian central bank’s key interest rate has stood at 21% since October, aimed at taming inflation that peaked above 10 per cent late last year, well above the 4% target

Russia’s President Vladimir Putin meets with representatives of the Russian business circles in Moscow on May 26, 2025. (Photo: AFP)