Russia’s central bank may cut rates faster than previously thought and possibly as soon as next week, Governor Elvira Nabiullina said on Thursday, adding that she saw little economic or financial impact from possible new U.S. sanctions, Reuters reported.
The central bank embarked on a rate-cutting cycle in 2015, and with once stubbornly high inflation now below its target is seen easing monetary policy further.
Nabiullina said the board will consider a few options when it meets on Feb. 9 to review its rate policy. “We don’t rule out a pause but we don’t rule out a rate cut either,” she told reporters.
