Russia’s central financial institution solely thought-about conserving its key fee unchanged at 16 per cent on the March assembly, because it believes the present decline in inflation strain is much less pronounced than that in late 2023, it mentioned on Monday.
Based on the minutes of the March assembly revealed by the regulator, disinflation might require a further rise in actual charges and chopping charges too early might result in a second wave of inflation that may be tougher to fight.
