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 current phase the Russian Central Bank is moving into according to the discussion?

What are the central bank's goals regarding inflation and stability?