A Rate Cut From Russia?

The video discusses the Central Bank's meetings led by Elvira Nebulon, focusing on economic forecasts and the impact of the coronavirus. It highlights the persistent low inflation rates, leading to potential rate cuts, and the ruble's volatility due to oil price drops. The video also covers market uncertainties, including the overhaul of the Russian government and its spending mandate, and the challenges in achieving the Central Bank's inflation targets.

What was the main reason for the Central Bank's meetings as discussed in the first section?

• To announce a new currency

• To update economic forecasts and hold a press conference

• To discuss new tax policies

• To introduce a new banking app

Why are economists expecting a sixth rate cut according to the second section?

• Due to a rise in oil prices

• Because of a significant increase in inflation

• Because of a new government policy

• Due to inflation being below the Central Bank's target

What impact did the oil drop have on the ruble as mentioned in the second section?

• It caused the ruble to strengthen

• It caused the ruble to stabilize

• It had no impact on the ruble

• It led to a significant drop in the ruble's value

What is one of the reasons for holding rates as discussed in the final section?

• A decrease in government spending

• The need for more certainty in markets

• An increase in foreign investments

• The ruble's strong performance

What potential issue arises from missing the inflation target by two percentage points?

• It could strengthen the ruble

• It might cause a credibility issue

• It could lead to increased foreign investment

• It would result in higher interest rates