PR stunt or show of strength? Russia slashes interest rates
CNN, 27 May 2022
A resurgent ruble — buoyed by robust oil and gas revenues — has taken some of the heat out of inflation and allowed Russia's Central Bank to cut interest rates. The bank announced that rates will fall from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April. CNN's Clare Sebastian reports. #CNN #News
