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Russian budget opens door to more monetary easing, central bank says
Original: Russia's new budget allows more monetary easing, but is not the only factor, central bank official says
A Russian central bank official says the country's newly adopted budget allows scope for further monetary easing, but stressed the budget is not the only factor shaping policy. The comment signals the bank could soften its stance, with officials weighing fiscal plans alongside inflation and other economic conditions before any shift in interest rate policy.
Why now: The central bank signalled a possible turn toward looser monetary policy as Russia's new budget takes effect.
Evidence
- Russia's new budget allows more monetary easing, but is not the only factor, central bank official says · Reuters
- Russia's new budget allows more monetary easing, but is not the only factor, central bank official says · San Luis Obispo Tribune
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