Skip to content

Subscriber Only

Economics

Bank of Russia Cuts Rate for Third Time, Signals More Easing

Quarter-point reduction was forecast by majority of economists
Central bank cuts year-end inflation forecast to as low as 4%

By

Anna Andrianova and

Andrey Biryukov

September 6, 2019, 10:30 AM UTCUpdated onSeptember 6, 2019, 1:23 PM UTC

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

The Bank of Russia made its third consecutive interest-rate cut and said more monetary easing is possible at an upcoming meeting as inflation dropped closer to a 4% target.