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Russia’s central bank likely to lower rates soon

The Russian central bank’s decision to keep the policy rate unchanged at 6.00% today made it one of the few major central banks that has yet to cut rates to support the economy in response to the coronavirus. The central bank announced a series of measures to help households and businesses but, as the economic disruption mounts and so long as the ruble stabilises, we expect interest rates to be lowered before long.

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