The content originally appeared on: CNN London (CNN Business)Russia slashed interest rates on Thursday as a resurgent ruble - buoyed by robust oil and gas revenues and government support- takes some pressure off its wobbling economy. At an extraordinary meeting, the Russian central bank cut interest rates to 11% from 14% and said further reductions could follow. Rates were hiked as high as 20% in the immediate aftermath of Russia's invasion of Ukraine in February as the bank tried to […]
