Russian Central Bank Cuts Rates

The Central Bank of Russia announced a rate cut after a three-month pause, which was expected by most economists. However, the surprise came when the bank communicated that there would be no more cuts this year to manage inflation expectations. This led to a negative reaction in Russian markets, with stocks and bonds declining. Despite the Central Bank's stance, some believe further cuts might still occur. Inflation eased to 6.9% in August, the lowest in over two years, with a target of 4% by the end of 2017.

What was the central bank's announcement regarding rate cuts for the year?

How did the market react to the central bank's communication?

What comments were made by City Bank regarding potential future rate cuts?

What is the inflation outlook according to the central bank's forecast?

What was the inflation rate in August and how does it compare to previous years?