Slowing Russian growth sets up interest rate fight

  • 11 years ago
Russia's economy grew at the slowest pace in at least three years in 2012.

High oil prices meant there was no budget deficit for the world’s biggest energy exporter, but the Kremlin now wants lower interest rates to boost growth and Russia's central bank is not keen on that means of monetary stimulus.

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http://www.euronews.net/

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