Russian Central Bank's decision in June on key rate, signal options should be more varied than in April - deputy governor

MOSCOW. May 28 (Interfax) - The Central Bank of Russia plans to consider new data before the June meeting of the board of directors, with options regarding the decision on the key rate and the signal to be more diverse than in April, Central Bank Deputy Governor Philipp Gabunia said during a press conference on the publication of the regulator's financial stability review.

"The week of silence begins on Friday, when we consider all the data that has been newly received. Today the situation has changed somewhat, a lot has appeared that will be interesting for us to discuss. I think that the options for a decision on both the rate and the signal will be even more diverse than in April. However Elvira Sakhipzadovna [Central Bank Governor Elvira Nabiullina] will tell you all about this next Friday," Gabunia said.

The meeting of the Central Bank's board of directors on the key rate is on June 6.

The CBR said that at the April meeting there was broad consensus among board members regarding the rate decision (to keep it unchanged), with discussions effectively focusing only on the forward guidance. Some voices advocated for a moderately hawkish signal, however the majority of participants believed it was appropriate to shift to neutral guidance.