News just out from Russia 24 March
- Q2-Q3 could see further gradual easing
- risk that inflation will miss the 4% target by the end of 2017 have slightly abated
- inflation slowdown overshoots the f/cast
- inflation expectations continue to decline and economic activity recovers
- still risks that inflation may fail to anchor at the target level in the medium run
- moderately tight mon pol will allow to limit their effects and maintain consumer growth rates close to 4%
- pace of economic recovery higher than expected
- seeing signs of consumption recovery
Generally upbeat assessment sees USDRUB a tad lower