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Nabiullina Speaks Following Rate Cut

RUSSIA
  • Following the out of cycle CBR rate cut this morning, Nabiullina speaks to TASS, stating that room remains for further rate cuts, and that the upcoming few quarters won't be easy until the economy adapts.
  • Largely infitting with the small statement that accompanied the CBR decision this morning, which saw rates cut by 300bps to combat the increasing strength of the RUB.

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