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Elvira Nabiullina, Russia's central bank governor, prepares to exit after attending a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Elvira Nabiullina, Russia's central bank governor, prepares to exit after attending a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

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Elvira Nabiullina, Russia's central bank governor, pauses during a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Elvira Nabiullina, Russia's central bank governor, pauses during a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

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Elvira Nabiullina, Russia's central bank governor, prepares to leave after attending a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Elvira Nabiullina, Russia's central bank governor, prepares to leave after attending a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

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Elvira Nabiullina, Russia's central bank governor, speaks during a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Elvira Nabiullina, Russia's central bank governor, speaks during a news conference to announce interest rates in Moscow, Russia, on Friday, March 24, 2017. The Bank of Russia signaled a new easing cycle may be in sight after reducing borrowing costs for the first time since September, breaking with guidance last month that called into question its room for rate decreases in the first half. Photographer: Andrey Rudakov/Bloomberg via Getty Images