Further interest rate cuts by Russian central bank 'appropriate' - IMF mission
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MOSCOW (Reuters) - Further interest rate cuts by Russia's central bank would be appropriate amid falling inflation and structural reforms are key to speeding up growth, the head of an International Monetary Fund (IMF) mission said. The central bank has cut its key rate four times this year9, most recently by 50 basis points to 6.5%, but economic growth so far has been sluggish despite falling inflation. The next rate-setting meeting is Dec. 13. After visiting Russia from Nov. 13-20, IMF mission..