MODERATE STEPS OF RUSSIA'S BANK
REUTERS - The Russian central bank plans to lower the key interest rate in small steps, taking into account the risk the government's spending plans may strengthen the rouble, Governor Elvira Nabiullina said.
The central bank embarked on a monetary easing cycle last month, lowering the cost of lending amid sluggish economic growth and abating inflationary risks. Analysts expect further rate cuts but there is no consensus on their scale and timing.
At its last board meeting in…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.