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IMF Overly Optimistic About CBR Space to Cut Rates

RUSSIA
  • RUSSIA HAS SPACE TO CUT RATES 50BPS IN COMING MONTHS, IMF SAYS
  • Although cuts would help support the economy, CPI risks are far too high given the latest headline print at 5.2%.
  • Most sell side seeing chances of a 25bp cut in 2H21 receding let alone any scope for 50bp
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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