News Tag: reliant

November 24, 2009

Russia cuts interest rates to record low of 9%

by Kay Murchie
Bank Rossii, Russia’s central bank, has cut interest rates by 50 basis points to 9% - a record low and the ninth time rates have been cut since April in bid to boost demand. Russia’s economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the economy appears to now be on the road ...

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