April 21 Reuters The Russian central bank will assess a gradual key rate reduction at upcoming meetings, Governor Elvira Nabiullina said on Thursday.

The central bank39;s emergency rate hike to 20 in late February helped stabilise the rouble and overcome a spike in inflation, Nabiullina said earlier, speaking at the lower house of parliament, the Duma.

Now, having cut the rate to 17 in April, the bank is ready for more monetary easing, she said ahead of the April 29 board meeting. 

Reporting by Reuters

Source Reuters