Bank of Russia Accelerates Easing, Cuts Benchmark Rate to 7.5%

What was the main reason behind the Central Bank of Russia's decision to shift its monetary policy earlier than planned?

• Rising oil prices

• Increased foreign investments

• Low inflation rates

• High inflation rates

What was the Bank of Russia's stance on the country's economic recovery?

• It was below estimates

• It was on target

• It was not a concern

• It was above estimates

Why did the Bank of Russia decide to speed up its monetary easing?

• Due to strong economic growth

• To increase interest rates

• To counteract inflation

• Because of a disappointing economic recovery

What external factors contributed to the depreciation of the Russian ruble?

• Rising oil prices

• Global market sell-offs and declining oil prices

• Increased foreign investments

• Stable global financial markets

How did the rate decision affect the Russian ruble according to traders?

• It had no impact

• It caused the ruble to crash

• It weakened the ruble further

• It supported the ruble and helped regain some losses