Russia April Central Bank key rate stays flat at 7.25 % (fcast 7.25 %) vs prev 7.25 %

Market news

27 April 2018

Russia April Central Bank key rate stays flat at 7.25 % (fcast 7.25 %) vs prev 7.25 %

Registers a rise in inflation risks triggered by some internal and external factors
In its decision-making the Bank of Russia will be guided by assessments of inflation risks, inflation dynamics and economic developments against the forecast
Uncertainty still persists over the dimensions of fiscal decisions, which are needed to estimate the impact of such decisions on inflation
Leaves unchanged its estimates of risks associated with consumer and oil price volatility, wage movements and possible changes in consumer behaviour

Russia C.Bank says ruble weakening will quicken inflation movement to 4% without the risks of overpassing this level

Russia Central Bank says - inflation is forecast to range between 3–4% as of the end of 2018 and hold close to 4% in 2019

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