Russian central bank likely to bring more surprises for markets

In a recent Quick Take audio recording (available here), we discussed why the Central Bank of Russia had caught the markets (but not us) off guard at its last two meetings and why interest rates are likely to fall further than most expect in the coming months and quarters. In this Watch, we take a deeper look at what is driving policy shifts at the CBR and why we think further surprises lie in store for investors.

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