Posted 12/24/2023, 11:35:04 AM
Russian Central Bank Waiting for Clear Signs of Slowing Inflation Before Considering Rate Cuts
- Russian central bank needs 2-3 months of declining inflation before considering rate cuts
- Bank raised rates to 16% in December, 5th consecutive hike to tackle inflation
- Unclear when exactly central bank will start cutting rates
- Bank looking at wide range of indicators, but focused on ones showing stable inflation
- Governor says bank should have started tightening monetary policy earlier than July