Economics
Russia Ready to Resume Rate Cuts After Easing Pause Extended
- Analysts were almost evenly split between hold, cut to 10.5%
- Central bank signals readiness to resume cuts if prices slow
Russian Central Bank Maintains Key Rate at 11%
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Russia’s central bank said it’s prepared to restart easing policy soon if its forecasts for slowing inflation are confirmed.
The Bank of Russia will “continue with a downward revision of its key rate at one of its forthcoming” meetings if the consumer-price index drops in line with its forecasts, it said in a statement Friday. Policy makers the same day left borrowing costs unchanged for a second month, citing “persistent substantial inflation risks.”