Analysts at BBH have assessed the recent stance by the Russian central bank. Key Quotes “Russia’s central bank tilted a bit more dovish. Governor Nabiullina said an improving inflation outlook will allow the bank to undertake steeper monetary easing without putting financial stability at risk”. “Still, she cautioned that one-off factors were largely responsible for the recent slowdown of inflation”. “The next policy meeting April 29 may be too soon to start the easing cycle”. For more information, read our latest forex news.