said inflationary risks were easing, but warned that the economy was entering a period of structural transformation and that banks needed additional capital support.
“Thanks to these factors, inflation is falling faster than we expected,” Nabiullina said. “This allows us to lower the key rate today without creating new pro-inflationary risks.”Risks are easinghave somewhat decreased, opening room for easing of some capital control measures. “We suspect that the CBR won’t continue this pace of easing…. A further easing of capital controls and additional rate cuts seem likely,” they said.
The central bank could cut its key rate further by 50 to 100 basis points at the next rate-setting meeting scheduled for June 10, said Dmitry Polevoy, head of investment at LockoInvest.
Yet they call for a 10% gdp hit..and have stopped publishing economic data 😂😂
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