EconomyBank of Russia may keep key rate at 14% at next meeting, consensus forecast says
Eighteen of 19 experts surveyed by TASS expect the Bank of Russia to leave its key rate at 14% at the September 11 meeting. Analysts say faster core inflation, fuel shortages, a weaker ruble and uncertainty over budget parameters are limiting room for further cuts, though a 25-basis-point reduction remains possible.
Bank of Russia may keep key rate at 14% at next meeting, consensus forecast says