From Yahoo Finance: 2025-04-21 09:06:00

The Russian central bank is expected to keep its benchmark rate at 21% due to global economic turbulence. The government maintains a 2.5% growth estimate for 2025, but cuts its oil price forecast by 17%. The rouble’s 40% surge against the dollar has helped combat inflation.

Lower oil prices and global recession risks could reverse the rouble’s gains. The central bank may need to ease monetary policy if a recession looms. Analysts await the bank’s review of its forecasts, with focus on trade wars and recession risks.

Analysts predict the central bank may align its oil price forecasts with the government’s estimates. Governor Nabiullina warns of trade wars as a significant risk to the global economy. Pro-inflationary factors could delay a rate cut, according to Solid brokerage analysts.

Read more: Russian central bank expected to keep key rate on hold at 21%