Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 20% from 21%.

The Bank of Russia reduced its sky-high interest rates on Friday, as inflation eases and economic growth slows. Some economists forecast the cut to 20% from 21%, but overall it was a dovish surprise to the market,

India's central bank has lowered interest rates by a deeper-than-expected half a percent - the third cut in a row amid falling inflation and lower growth in Asia's third largest economy. The repo rate now stands at 5.5% - the lowest in three years.

The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs.

(Reuters) -Federal government staffing shortages from Trump administration hiring freezes have forced the Labor Department's economic statistics arm to curtail the breadth of its data collection for one of the main measures of U.

The cuts ordered by President Trump are raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs.