Russian Economy Minister Signals CBR Rate Cut Dependent on Inflation Slowdown Sustainability

Russian Economic Development Minister Maxim Reshetnikov stated in the State Duma that easing monetary conditions depends on a sustainable inflation slowdown, with annual inflation expected to return to the CBR's 4% target by end-2027. This signals a cautious, data-dependent approach to rate cuts, likely delaying near-term easing. The statement aligns with the CBR's hawkish stance, reinforcing expectations of prolonged high rates.