July 13, 2020 / 12:41 PM / a month ago

Russia's central bank says it sees room for further rate cut

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

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