Economics
Russia’s Rate Cuts May Already Be Over as Inflation Speeds Up
- Russia joins other emerging market countries slowing easing
- Central bank had warned that more easing is not a given
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Russia’s rate cutting cycle may already be at an end, after a wobbly ruble has helped boost inflation and the economy has shown signs of recovery.
Traders are expecting no more rate cuts in the next three months, according to forward-rate agreements, though some economists see the central bank making one more 25 basis-point reduction before the end of the year.