Bank of Russia to Discuss Rate Cuts, Says Governor

The transcript discusses the potential for a rate cut by the Russian Central Bank due to recent inflation trends. Economists suggest a 25 to 50 basis point cut, but the governor remains cautious due to volatile inflation data. The Central Bank aims to stabilize inflation around a 4% target and manage reserves effectively. The focus is on transitioning from aggressive inflation reduction to maintaining stability.

What is the main reason economists are suggesting a rate cut by the Russian Central Bank?

• Increased foreign investment

• High economic growth

• Volatile inflation rates

• Stable inflation rates

What is the market's expectation regarding the rate cut by the Russian Central Bank?

• No change in rates

• A 100 basis point cut

• A 10 basis point cut

• A 25 to 50 basis point cut

What is the Central Bank's approach towards inflation data according to the governor?

• Focus on the noise in the data

• Ignore the data completely

• Consider it as a stable indicator

• Not to overinterpret the noise

What phase is the Russian Central Bank entering according to the discussion?

• Reducing foreign reserves

• Increasing interest rates

• Stabilizing inflation around 4%

• Aggressively lowering inflation

What additional focus does the Russian Central Bank have as they stabilize inflation?

• Increasing public spending

• Stability of FX and gold reserves

• Reducing taxes

• Expanding the workforce