Ruble Buys Time for Central Banker Wanting to Make History
- Buying foreign currency to weaken ruble by 1%-5%, survey shows
- Central bank seen holding key rate unchaged at 10% on Friday
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Not that Elvira Nabiullina was in any rush, but the Bank of Russia governor just found two good reasons to stand pat for longer.
With the economy shooting past the most upbeat of forecasts, and the central bank looking to bring inflation to the lowest year-end level in Russian history in 2017, monetary easing is just about off the table when policy makers review interest rates on Friday.