The International Monetary Fund said today that Russia may have room for further cuts in interest rates if inflation continues to be weak. A day before the monetary policy meeting of the Central Bank of Russia, the International Monetary Fund said that further monetary easing may be appropriate if inflation remains below the target level of 4%.
The Russian central bank is expected to keep interest rates at 7.25 percent on Friday but says it may tighten monetary policy due to risks stemming from the weak currency. Higher rates could further bolster a falling Russian ruble
