Report Published: "Russia Business Forecast Report Q2 2014"
We expect inflation to end 2014 at 5.4%, slightly above the Central Bank of Russia (CBR)'s inflation target of 5.0% for 2014, and to average 5.1% in 2015, mainly driven by the government-mandated utility price freeze in 2014-2015. Abating inflation will allow the CBR to cut its main policy rate, from 5.50% at the time of writing to 5.25% in 2014, in a bid to shore up the flagging
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