Russian central bank lowers key rate to 14%


Moscow, April 30 : The Central Bank of Russia announced that it has reduced its key interest rate by 300 basis points to 14 per cent. "With price and financial stability risks no longer on the rise, conditions have allowed for the key rate reduction," Xinhua news agency quoted the bank as saying on Friday. Recent data has demonstrated a slowdown in price growth rates against the backdrop of the strengthening of the ruble, and a cooling of consumer activity, it said. Further inflation movements will be shaped by such impactful factors as the efficiency of import substitution processes and the scale and speed at which imports of finished goods, raw materials and components will be recovering, according to the central bank. The bank's monetary policy aims to take into account the need for a structural transformation of the economy and will ensure a return of inflation to target in 2024. /IANS


Thrikkakara bypoll: Stakes high for Pinarayi Vijayan, Satheesan
Kochi, May 30 : The Thrikkakara bypoll, which is just hours away, will be nothing less than a popularity test for CPI-M Chief Minister Pinarayi Vijaya

D.C. residents pay tribute to Uvalde school shooting victims
[Texas Department of Public Safety Director Steven McCraw, center, prays with Pastor Gabriel Davila and wife, Sylvia, outside Robb Elementary School i

Punjab CM orders probe by sitting HC judge into Moosewala killing
Chandigarh, May 30 : Punjab Chief Minister Bhagwant Mann on Monday announced the setting up of a judicial commission under the chairmanship of a sitti