MOSCOW (Reuters) – Russia’s central bank sees further potential to lower interest rates but will need to keep an eye on the dynamics of inflation and inflationary expectations, First Deputy Central Bank Governor Vladimir Chistyukhin said on Thursday.
Russia has been cutting rates since an emergency hike to 20% in the immediate aftermath of Moscow’s sending armed forces into Ukraine on Feb. 24 and the Western sanctions that followed.
It cut its key rate back to the pre-crisis level of 9.5% earlier this month.
(Reporting by Reuters; Editing by Kevin Liffey)
