Page 73 - RUSRptSept18
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8.2 Central Bank policy rate
All eyes are on the September meeting to see if the CBR will hike rates from the current 7.25%. However, it seems pretty clear that the easing policy that has been place to date has ended after inflation broke through 3% in August for the first time in a year.
Previously analysts were expecting one more rate cut this year. However, the CBR is still concerned with promoting growth and is targeting a rate of 6% for next year.
73 RUSSIA Country Report September 2018 www.intellinews.com
