- Russia's central bank is expected to hold its benchmark rate at 14% on Friday, the second straight meeting without a change.
- Forecasts from 11 economists surveyed by Bloomberg show only one expecting a 25 basis point cut.
- The Kremlin is dealing with economic effects of Ukrainian strikes on energy infrastructure, which are driving inflation above target.
Quotes
“Policymakers will leave the benchmark at 14% on Friday, according to the forecasts of 11 economists surveyed by Bloomberg.”