Russian central bank just out with their latest decision and statement
- despite certain stabilisation in financial and commodity markets and a slowdown in inflation, inflation risks remain high
- annual inflation rate will total less than 6% in March 2017 to reach 4% target rate in late 2017
- will continue with moderately tough policy
- 2016 GDP forecast to slow down to +1.3-1.5%
- baseline scenario is average oil price of $30 per barrel in 2016 with a gradual rise to $40 in 2018
It's a wobbly ol' world that sees developed economies struggling with low inflation and emerging economies trying to drive high inflation lower.
That oil price forecast realistically cautious.
