The decline in Russian inflation to 4.6% y/y last month – coming alongside the stability of the ruble this week – adds weight to our view that the central bank will cut its policy rate by a further 25bp next month. And we continue to expect more monetary easing over the next 6-9 months than the financial markets are currently pricing in.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services