Bank of Russia Cuts Key Interest Rate to 8.5%

The Bank of Russia is considering a key rate cut within six months, aiming to ease monetary policy while monitoring the economy and inflation. They will evaluate past decisions and market forecasts to ensure monetary conditions meet expectations. Although inflation has reached the target level of 4%, the focus remains on stabilizing prices and reducing inflation expectations. The Central Bank prioritizes addressing pro-inflation risks and plans to transition from a moderately tight to a neutral monetary policy. Upcoming monetary policy guidelines will outline key principles for the next three years.

What are the main focuses of the Bank of Russia's monetary policy in the context of inflation risks?

What will the monetary policy guidelines released by the Bank of Russia describe?