Will Russia Cut Rates as Inflation Slows?
Sticky inflation, driven partly by the ruble’s collapse, is making Russia’s central bank Governor Elvira Nabiullina’s job more difficult, as the bank seeks to steer the economy of the world’s largest energy exporter out of a recession that threatens to stretch into a second year. Policy makers last month paused an easing cycle for the first time in 2015 after six percentage points of interest-rate cuts since January brought their benchmark to 11 percent. Nabiullina also warned the currency is too dependent on oil-price swings.
Most Recent Videos
Bloomberg Markets: The Trump Economy 8/22/2017
49:19 - Guests include: Brig. General Mark Kimmitt, U.S. Army (Ret.), and Brian Gardner, Keefe, Bruyette & Woods managing director. (Source: Bloomberg)