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Low inflation and a stable currency may allow for further rate cuts in Russia.
Russia's yield curve might offer clues to the country's recovery.
The global economy has been hard hit by coronavirus lockdowns, and Russia is no exception. The International Monetary Fund forecasts a 5.5% contraction of Russia's growth in 2020, which would be the economy's worst performance since the 7.8% contraction in 2009.
Unlike the downturns that came on the heels of oil price declines in 2008-09 and 2014-15, this time around, Russia's central bank is reacting