July 13, 2020 / 12:42 PM / a month ago

Russia's central bank says it sees room for further rate cut

MOSCOW (Reuters) - Russian Central Bank Governor Elvira Nabiullina said on Monday she felt there was room for a further rate cut based on the inflation data that had come in for June and July.

Last month the central bank slashed its key rate to a historic low of 4.50% and said it could consider further cuts amid waning inflationary risks and a shrinking economy.

The next rate-setting meeting is due on July 24.

Reporting by Elena Fabrichnaya; writing by Tom Balmforth; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below