This Economist Expects Russia to Cut Interest Rates

The transcript discusses the Russian Central Bank's effective management of inflation and economic adjustments compared to other countries like Saudi Arabia. It highlights the Central Bank's experimental approach and flexibility, which has enhanced its reputation. The discussion includes inflation trends in Russia, with a significant decrease from 17% to around 5.6% in recent years. The Central Bank's performance is praised for its adaptability in a floating currency world, making it competitive among emerging market central banks.

What is the current interest rate mentioned in the discussion about the Central Bank's position?

• 5%

• 10%

• 20%

• 15%

How has the Central Bank's approach to inflation been described?

• Unpredictable and erratic

• Conservative and traditional

• Experimental and flexible

• Rigid and unchanging

What was the headline inflation rate recently reported in Russia?

• 3.2%

• 5.6%

• 7.8%

• 9.4%

What significant change in inflation has the Central Bank achieved over the past two years?

• Increased from 5% to 17%

• Decreased from 17% to 5.6%

• Fluctuated between 8% and 12%

• Remained stable at 10%

How is the Russian Central Bank's performance compared to other emerging market central banks?

• Equally competitive

• Less competitive

• Not competitive

• More competitive