Putin’s Cabinet Revamp Clouds Path for Russian Rate Cuts – The Moscow Times

The Moscow Times | Jan 17, 2020 at 12:31 PM
  • The Bank of Russia may halt monetary easing after five consecutive interest-rate cuts due to uncertainty following a government shake-up.
  • The appointment of a new prime minister and likely changes to cabinet positions will make Central Bank Governor Elvira Nabiullina more cautious, giving her a reason to hold the key rate at 6.25% at the next meeting on Feb. 7.
  • Yields jumped the most in two months on Wednesday when President Vladimir Putin announced sweeping constitutional changes and a reshuffle of government positions.