Russia’s central bank will face an easier path to interest-rate cuts if oil prices rise further, Governor Elvira Nabiullina said. “If there is a higher oil price, then it can lead to a stronger ruble, and — through the foreign-exchange channel — that in turn can cause a more rapid decline in inflation expectations, slowing inflation,” Nabiullina said in a Bloomberg Television interview in Moscow on Tuesday. “Then we can ease monetary policy much faster.” Elvira Nabiullina on Oct. 11. Photographer: Alexander Zemlianichenko Jr./Bloomberg The outlook marks a rare signal by the central bank that it’s open to deeper monetary easing after an unprecedented commitment to leave borrowing costs unchanged the rest of the year after a cut last month. Policy makers are targeting price growth of 4 percent by end-2017 and see it reaching 5.5 percent to 6 percent in 2016 after overshooting their forecasts for a fourth […]