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Putin: No Reason Yet for Confidence in Russia's Economy

Russian President Vladimir Putin said on Thursday it was still too soon to feel confident about the country's economy, although his ministers said the worst is over. Speaking to a conference of Russian businessmen, Putin said the central bank's main interest rate, now at 14 percent, remains high but that the level was warranted by the situation. The central bank cut its main rate, the one-week repurchasing rate, by 100 basis points in a second easing this year. Businesses have...

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