Russia central bank governor says they have room for a rate cut

  
  Analysis

Comments from governor Nabiullina:

  • Disinflation factors to dominate
  • We can see CPI increase has slowed down
The Bank of Russia’s key policy rate is at 5.50% and the next scheduled meeting is June 19. Russia is being hit hard by COVID-19 at the moment, with more than 9000 cases yesterday.
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