(Bloomberg) -- President Vladimir Putin called a pair of interest rate hikes last year “one-time” and “short-term,” but that won't keep the Bank of Russia from tightening, according to Bloomberg Economics. The central bank's independence is fully intact, and it has earned its credibility with financial markets. Only the data will decide whether another hike is need -- BE expects one as soon as March.
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
