Putin’s Ruble Warning Puts Goldman Easing Bets on Shaky Ground

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  • Doubts creep into scenario also seen by Rabobank, Sberbank CIB
  • Currency depreciation rekindles Nabiullina’s inflation dilemma

The most adamant believers of an interest rate-cutting cycle in Russia that’s driven a bond-market rally are starting to lose faith. And Vladimir Putin’s responsible.

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