Russian Central Bankers Watch as Government Takes Care of Easing
- Bank loan rates decline to lowest in almost two years
- Only six economists of 41 see rates cut at Friday meeting
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Lending rates are dropping across Russia, and the central bank has little to do with it.
Companies and individuals are paying the least in almost two years to borrow cash from banks, while lenders have been charging each other less than the Bank of Russia benchmark for overnight funds for most of April.