Russian central bank governor Nabiullina with a prepared statement 24 March
- we don't exclude cutting rates at every meeting, not just ones with press conf
- economic recovery doesn't create significant inflation
- consumer demand to rise in Q2
- capital outflow to remain low
- situation on FX stable
- official reserves to rise by $23bln this year, at adequate level
- downward pressure on oil price could come from shale production
Earlier the CB cut key rate to 9.75% from 10.0%
USDRUB currently 57.1375 from 57.50 pre rate cut.