CENTRAL BANK CUTS RATES TO SLOW RISE OF RUBLE.

Russia’s central bank cut interest rates from 195 percent to 180 percent to slow the rise of the ruble against the dollar and other major currencies, Moscow radio reported June 20. Tatyana Paramonova, the acting head of the bank, had earlier denied reports that the bank was intervening in the marketplace to affect the exchange rate, Segodnya reported June 18.

Fate of No-Confidence Motion Seen Depending on Chechnya.