Economics
Russian Inflation Edges Close to Record Low, Fueling Easing Hope
- Consumer-price growth eased to 2.3% in Feb., est. 2.2%
- A rate cut later this month is ‘practically guaranteed’: VTB
This article is for subscribers only.
Inflation in Russia edged closer to the lowest level in post-Soviet history, increasing the likelihood of a seventh consecutive interest rate cut later this month despite market volatility.
Annual inflation eased to 2.3% in February, the Federal Statistics Service reported Friday. The median estimate in a Bloomberg survey of 21 economists had forecast 2.2%.