Russia's economy is headed for stagnation as the path of monetary policy is being chosen 'very poorly,' economists say

• Russia's economy is stumbling and could be headed for stagnation, economists said.
• That's because policymakers have timed interest rate hikes "very poorly," a new report says. 
• Russian inflation could hit 5.6% this month, the nation's own economists forecasted.

Russia's economy is ailing as policymakers' attempts to cool down inflation and prop up the ruble are being timed "extremely poorly," the Russian Center for Macroeconomic Analysis and Short-Term Forecasting said in a report.