Russia Balks at Rate Cuts as Ruble Adds to Inflation Risks

Updated on
  • Decision to hold rates forecast by 29 of 39 surveyed analysts
  • Weaker ruble, wage growth raise risks to 4% inflation target

Russia’s central bank left borrowing costs unchanged after a cut last month as a weaker ruble compounded the risks that inflation will exceed next year’s target amid uncertainty over wages and budget policy.

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