Russian central bank seen cutting key rate by 50 bps to 16% at December meeting – Reuters poll

MOSCOW, Dec 3 (Reuters) – The Russian central bank is seen cutting its key interest rate by 50 basis points at a meeting on December 19 as inflation is slowing faster than expected, a Reuters poll of 15 analysts showed on Wednesday.

Analysts also cut their full-year inflation estimates to 6.5% from 6.9% in the previous monthly poll, and their GDP growth estimates to 0.8% from 1% in the previous poll.

(Reporting by Elena Fabrichnaya; Editing by Gleb Bryanski)