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Russian Rate Cut on July’s Agenda as Inflation Surprises

Russian Rate Cut on July’s Agenda as Inflation Surprises

Russian Rate Cut on July’s Agenda as Inflation Surprises

(Bloomberg) -- Inflation in Russia is decelerating more sharply than Bloomberg Economics expected, while the weakness in demand appears to be lingering. BE now sees the central bank favoring a rate cut at its July 26 meeting, bringing forward the easing previously anticipated for September. Food costs drove the bigger-than-forecast decline, but broader price pressure has been soft for several months.

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