Russia's central bank lowered its key interest rate to 14 percent on Friday, opting for a smaller-than-usual reduction in a compromise move.
The modest rate decrease is intended to support stagnating economic growth. However, the central bank warned of higher inflation, caught between the demands of supporting the economy and addressing inflation driven by ongoing war spending.
The cautious policy adjustment also comes amid concerns that Ukrainian attacks on oil refineries and commercial sites could trigger a renewed surge in inflation.
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