The dovish nature of the Russian central bank’s post-meeting statement has prompted us to bring forward the interest rate cut that we had pencilled in for Q3 to June. Further ahead, we forecast that the benchmark one-week repo rate will be lowered from 7.75% now to 6.75% by the end of 2020, which is more loosening than is priced into financial markets.
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