Russian central bank out with latest decision a short while ago 15 Sept
- rate may be cut further over next 2 quarters
- inflation close to 4% while economy keeps growing
- medium term risks of over shooting 4% dominate over the risk of its steady downward deviation from the target
- food items to remain source of CPI volatility
- CPI may stay at 3.2% until end-2017
- will continue to conduct moderately tight mon pol
Rouble made gains on the news but USDRUB back up to 57.63 as I type
USDRUB 5m
