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 bank'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