MOSCOW Feb 9 The Russian central bank will
consider cutting the key rate in 0.25 percentage point steps
once it reaches single-digit levels, Governor Elvira Nabiullina
said on Thursday.
Nabiullina also said the central bank is likely to revise
economic forecasts and raise an average oil price factored in
its three-year plan from $40 per barrel.
Nabiullina is set to hold a press-conference on March 24
where she will present a new set of forecasts and a decision on
the key rate, which is now at 10 percent.
(Reporting by Elena Fabrichnaya; Writing by Andrey Ostroukh;
Editing by Jack Stubbs)