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7 months ago
Russia c.bank head says rate cut more likely in Q2
December 16, 2016 / 12:33 PM / 7 months ago

Russia c.bank head says rate cut more likely in Q2

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MOSCOW, Dec 16 (Reuters) - Russia's central bank is more likely to cut its key rate in the second quarter of next year than in the first quarter, the bank's governor, Elvira Nabiullina, told a news conference on Friday.

Nabiullina also said that the central bank was informed in advance about a domestic bond issue by state-owned oil giant Rosneft, and that the bank had no questions about that transaction. (Reporting by Alexander Winning and Andrey Ostroukh; Writing by Christian Lowe; Editing by Maria Kiselyova)

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