The Russian Central Bank may cut the key rate by 25 or 50 basis points in the second quarter of this year, the bank's governor Elvira Nabiullina said.
"On the whole the current economic situation inspires hope. We see the scope for further reduction of the key rate in the second quarter if the situation unfolds as forecasted," she said.
"A quicker decline in inflation opens the scope for reduction of the key rate already in April, and I even admit that the key rate reduction by between 25 and 50 basis points may be considered at the next board meeting in a week," TASS cited her as saying.
The central bank last cut its key rate to 9.75% from 10% on March 28.
