15:19 - 8.04.2022

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April 8, Fineko/abc.az. The Central Bank of Russia has reduced the discount rate to 17% per annum.

ABC.AZ reports that information about this was distributed by the Central Bank of Russia.

"The Board of Directors of the Bank of Russia has decided to reduce the key rate from 11 April by 300 basis points, to 17% per annum. The external conditions for the Russian economy remain difficult and significantly limit economic activity. Risks to financial stability remain, but today they have stopped increasing," the Russian bank says.