The MOEX Index shifted to growth during the main trading session following the Russian Central Bank’s decision to cut the key rate to 14% per annum, according to trade data. As of 1:25 p.m. Moscow time (10:25 a.m. GMT), prior to the publication of the regulator’s decision, the MOEX Index was down by 2.54% at 2,090.45 points, while the RTS Index was down by 2.54% at 839.92 points. As of 1:30 p.m. Moscow time (10:30 a.m. GMT), following the publication of the Central Bank’s decision to cut the key rate, the MOEX Index was up by 0.35% at 2,152.57 points, while the RTS Index was up by 0.35% at 864.88 points. As of 1:44 p.m. Moscow time (10:44 a.m. GMT), the MOEX and RTS indices were down by 0.58% at 2,132.47 and 856.8 points, respectively. On July 24, the Bank of Russia cut the key rate from 14.25% to 14% per annum.