Elvira Nabiullina — Overview of Russia's fiscal and monetary policy

On May 2, the Central Bank of Russia recently cut the interest rate by 50 basis points (0.50%) to 9.25% owing to the declining inflation rate (4.1%), which now approaching the bank's target of 4%.

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BIS
Elvira Nabiullina: Overview of Russia's fiscal and monetary policy
Speech by Ms Elvira Nabiullina, Governor of the Bank of Russia, at the panel meeting of the Russian Federation's Ministry of Finance, Moscow, 20 April 2017.