Russia's Central Bank Demonstrates Effectiveness of Inflation-Fighting Methods, Bloomberg

The Central Bank has demonstrated the effectiveness of its methods in fighting inflation, as the pace of price increases in Russia noticeably decreased in June. This opinion was expressed by the Bloomberg agency.

As the publication notes, although the annual inflation rate remains at 9 percent, significantly exceeding the target of 4 percent, at the same time, the current pace of price growth corresponds to the intended target rate.

On June 6, the Bank of Russia reduced the key interest rate from 21% to 20% per annum, lowering it by 100 basis points.