Central Bank of Russia may cut rates by 100bp (Friday): Capital Economics

Quotes from Lloyds Bank:

- We think that the central bank of Russia (CBR) will cut its benchmark interest rate by 100bp on Friday. 

- Having cut rates by 200bp in January, the CBR made it clear that the recent acceleration in inflation is unlikely to prevent it from easing policy further, given its temporary nature. 

- Instead, oil prices and the ruble appear to be much more important factors.