September 15, 2017 / 12:26 PM / 3 months ago

Russia central bank chief: Inflation expectations call for moderately-tight policy

MOSCOW (Reuters) - Inflationary expectations in Russia require moderately tight monetary policy, Elvira Nabiullina, the central bank’s governor, told a news briefing on Friday.

She said inflationary expectations were still not anchored. On Friday, the central bank cut its key rate by 50 basis points to 8.5 percent.

Reporting by Andrey Ostroukh and Jack Stubbs; Writing by Katya Golubkova; Editing by Andrew Osborn

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