The Bank of Russia may pause its key rate-cutting cycle at its upcoming meeting, Vladimir Yeremkin, a senior researcher at the Structural Research Laboratory of the Presidential Academy's Institute of Applied Economic Research (IAER), told TASS. "At the next meeting, there is a high probability that the Central Bank will pause its rate-cutting cycle to assess how seriously recent events in the domestic fuel market have impacted inflation dynamics," he said. Furthermore, the expert believes the regulator's decision could be influenced by rising inflation expectations, which may prompt the Bank of Russia to upwardly revise its year-end inflation forecast. In late June, Sberbank CEO Herman Gref also stated during the lender's annual general meeting that the Russian economy was already "overcooled" and that the regulator needed to lower the key rate. The Central Bank chief emphasized that the timing and pace of any cuts would depend entirely on economic developments.