When it meets on June 15, The Bank of Russia's is unlikely to replicate the 'shock and awe' effect of April's 150 basis point cut that took benchmark rates to 12.5 percent. That said, most economists still expect the central bank to reduce the key policy rate by as much as a full percentage point.
CNBC: Russia to navigate tricky week on rates, policy
A pedestrian walks past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 1, 2014.
