✉news BusinessBanking first seen 7 d ago, last 4 h ago, peak #1
Russia's Central Bank Signals Only Modest Further Rate Cuts
Original: Russia’s Central Bank Sees Only Modest Further Drop in Key Rate
Russia's central bank expects its key interest rate to fall only modestly in the period ahead, according to a Wall Street Journal report. The outlook suggests policymakers see limited room for aggressive monetary easing, despite pressure from businesses and officials for cheaper credit as the economy faces high borrowing costs and inflationary strains.
Why now: Investors and analysts are watching Russian monetary policy for signals on inflation and the cost of borrowing as sanctions pressure the economy.
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