Russia now seen holding rates as Turkey sanctions add to inflation worries
Monday, 07 December 2015 18:08
Posted by Shoaib-ur-Rehman Siddiqui
MOSCOW: Russia's central bank is now seen leaving rates on hold at a monetary policy meeting on Friday, a Reuters poll showed, as a ban on some Turkish food imports adds to worries over stubbornly high inflation.
The result was not clear cut, however. Sixteen economists predicted the bank would leave its main interest rate on hold at 11 percent, while 11 forecast a cut of 50 basis points.
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