Russia's Nabiullina says there is significant scope for a rate cut if inflation returns to target.

ReutersOct 28, 2025 6:19 AM

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MOSCOW, Oct 28 (Reuters) - Russian Central Bank Governor Elvira Nabiullina said on Tuesday that with inflation returning steadily to the 4% target, there is significant room for a key rate cut.

Inflation expectations in the coming months may remain high due to the increase in value added tax (VAT) and petrol prices, Nabiullina said.

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