INSUBCONTINENT EXCLUSIVE:
Russia's Central Bank cut its key interest rate on Friday as the country's economy recovers faster than expected following sanctions imposed
on Moscow over its military action in Ukraine.The Bank of Russia cut the rate to 9.5% from 11%, saying in a statement that "inflation is
environment for the Russian economy remains challenging and significantly constrains economic activity."The next rate review meeting will
the West pummelled Moscow with sanctions in response, the Central Bank more than doubled its key interest rate to 20% to prop up the
plunging ruble.Since then, the ruble has staged a spectacular rebound and strengthened by around 30% against the dollar, leading the Central
Bank to cut its key rate three times.A strong ruble is not desirable for the Russian government, which fears it can hit budget revenues and
