In a significant move, Russia has lowered its interest rates to 20%, making this the first reduction since 2022. This decision comes amidst easing inflation pressures, which averaged 8.3% in the first quarter of this year. The ongoing impacts of the war in Ukraine have continued to influence the economy, but recent data suggests a necessary adjustment in monetary policy. This rate cut aims to stimulate economic activity and provide relief to consumers and businesses alike. Investors will be watching closely to see if this policy shift leads to more stability in Russia’s economic landscape.