MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Monday she felt there was room for a further rate cut based on the inflation data that had come in for June and July.
Last month the central bank slashed its key rate to a historic low of 4.50% and said it could consider further cuts amid waning inflationary risks and a shrinking economy.
The next rate-setting meeting is due on July 24.
(Reporting by Elena Fabrichnaya; writing by Tom Balmforth; editing by Jason Neely)
