o deliver is diminished," Welch said in a phone interview. "He thought he'd be in charge of the economics but not the politics of the adjustment." The Finance Ministry reiterated its commitment to fiscal austerity measures and said it would seek to review mandatory public spending in order to reduce overall debt l

o deliver is diminished," Welch said in a phone interview. "He thought he'd be in charge of the economics but not the politics of the adjustment." The Finance Ministry reiterated its commitment to fiscal austerity measures and said it would seek to review mandatory public spending in order to reduce overall debt l

on the downside in August; likely to continue to decelerate. The CBR decided to cut the key policy rate by 50bps to take rate to 8.50% in September. The Finance Ministry approved federal draft budget for 2018-2020 that should be welcomed by investors. CORPORATE CREDIT - DB Agarwal - EM Chartbook - Regional strategy