Sanctions to limit room for Russia’s rate cuts, economic growth

MOSCOW (Reuters) – The latest round of U.S. sanctions against Moscow will limit scope for rate cuts in Russia as well as room for economic recovery, a Reuters monthly poll of 23 analysts and economists suggested.

At the same time the poll also indicated the consensus forecast for 2018 gross domestic product growth lowered to 1.7 percent from 1.8 percent one month earlier. Forecasts for 2018 economic growth ranged from 1.0 percent to 2.5 percent.

“We found the general consensus to be that the new sanctions would not destabilize the macroeconomic situation,” Morgan Stanley analysts said.

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