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A monthly survey released by Reuters on Friday showed that the interest rate of Russia's central bank was lowered to 6.5% lows by the end of the year, and the interest rate will remain unchanged in 2019.
The Central Bank of Russia said earlier this month that inflation rate is now at the bottom of the 4% target, and the interest rate reduction cycle is coming to an end. The country's inflation rate is at a double-digit level.
According to Reuters's survey of 16 analysts and economists, the market expects that the Russian central bank will reduce the index interest rate from the current 7.25% to 7% in April.
The central bank will then cut interest rates to 6.75% in the second quarter, and then further reduce interest rates to 6.50% in the fourth quarter.
Russia's inflation rate is expected to be 3.5% at the end of 2018.
According to the survey, Russia's gross domestic product (GDP) increased by 1.8% in 2018 and 1.9% in 2019.
The survey also showed that in 2018 and 2019 the official unemployment rate is expected to be steady at around 5%.
The ruble exchange rate for the US dollar is 57.41 after 12 months, and the survey is estimated at 58.40 last month. The ruble reported at 57.41 against the dollar on Friday.

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