Talk Is Cheap for Bank of Russia Still Leery of Rate Cuts

  • Benchmark will remain at 11% at Friday meeting, survey shows
  • Inflation, budget uncertainty mean longer wait for rate cuts

Headquarters of Bank Rossii, Russia's central bank, in Moscow.

Photographer: Andrey Rudakov/Bloomberg

Talking the talk of monetary easing doesn’t mean the Bank of Russia is ready for an about-face on interest rates.

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