Russia's inflation risks must decrease to make room for rate cut - central bank

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 20 (Reuters) - Pro-inflationary risks in Russia must decrease in order to create room for future rate cuts, Central Bank Governor Elvira Nabiullina said on Thursday, just a week before the bank is next due to set interest rates.


The central bank has become more hawkish this year, warning of the inflationary risks posed by a widening budget deficit, weaker rouble and labour shortages. Its key rate currently stands at 7.5%.
(Reporting by Elena Fabrichnaya and Alexander Marrow Editing by Mark Potter)

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