Russia’s central bank has lowered its interest rate to 17.00% from the previous 18.00%, marking a 1.00% decrease. This reduction signals a shift in monetary policy direction, aiming to stimulate economic activity.
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The actual rate cut to 17.00% was larger than the analyst estimate of 16.00%, suggesting a more aggressive approach to easing financial conditions. This unexpected move is likely to boost sentiment in interest rate-sensitive sectors such as banking and real estate. The market impact may be short-term as investors adjust to the new policy stance, with potential longer-term implications for economic growth expectations.