Christopher Granville

Managing Director, EMEA and Global Political Research
+44 20 7246 7867

Irina Lebedeva, CFA

Economist, Russia/FSU Research - Moscow

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Recent Russia research

* Russia: Rates outlook – the key revealed, Christopher Granville, Madina Khrustaleva, 20 Jul 2017
* Russia: End of Putin revisited, Christopher Granville, 30 Jun 2017
* Russia: Geopolitics less bearish than oil, 23 Jun 2017
* Russian oil – volume gearing, Christopher Granville, James Henderson, 8 May 2017
* Russia-Saudi oil axis: Last hurrah in H2/17, Christopher Granville, James Henderson, 27 Apr 2017

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Russia: Rates more likely to be held than hiked

Overview

The statement accompanying the Central Bank of Russia's latest monthly interest rate decision has been widely interpreted as presaging autumn rate hikes. This consensus is supported by inflation already overshooting the CBR’s full year CPI target of 6 per cent. Our focus on monetary policy strategy – that is, the progress and effects of the move to inflation targeting – leads us to a different...

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