December 16, 2016 / 12:32 PM / 7 months ago

Russia central bank head says rate cut more likely in the second-quarter

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Russian central bank governor Elvira Nabiullina attends a news conference in Moscow, Russia, December 16, 2016.Maxim Shemetov

MOSCOW (Reuters) - Russia's central bank is more likely to cut its key rate in the second quarter of next year than in the first quarter, the bank's governor, Elvira Nabiullina, told a news conference on Friday.

Nabiullina also said that the central bank was informed in advance about a domestic bond issue by state-owned oil giant Rosneft (ROSN.MM), and that the bank had no questions about that transaction.

Reporting by Alexander Winning and Andrey Ostroukh; Writing by Christian Lowe; Editing by Maria Kiselyova

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