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Russia central bank chief: Inflation expectations call for moderately-tight policy
September 15, 2017 / 12:26 PM / 4 days ago

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

Russian central bank governor Elvira Nabiullina attends a news conference in Moscow, Russia, June 16, 2017. REUTERS/Sergei Karpukhin

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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