June 10, 2020 / 7:20 AM / a month ago

Russia's central bank says lower inflation allows room for rate cute - governor

MOSCOW, June 10 (Reuters) - Lower inflation has given Russia’s central bank room to make further cuts to its benchmark interest rate, Governor Elvira Nabiullina said on Wednesday.

The central bank is expected to lower the cost of borrowing, which currently stands at 5.5%, at its next rate-setting meeting on June 19. (Reporting by Gabrielle Tétrault-Farber; Writing by Alexander Marrow; Editing by Alison Williams)

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