New Market Study Published: Russia Business Forecast Report Q1 2014
We see inflation arriving at 6.8% by end-2013, slightly above Central Bank of Russia's (CBR) inflation target of 5.0-6.0% for 2013, and at 5.8% in 2014, a slight downward revision from our previous 2014 forecast of 6.0%. The hawkish rhetoric of the new leadership at the CBR in our view is a demonstration of their political independence, while the rate cut we expected to see over H213, is now likely to take place in H114.
We continue to forecast a...
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