7 Dec 2015
CBR expected to hold rates this week – BBH
FXStreet (Edinburgh) - Analysts at BBH sees the Russian central bank keeping its benchmark rates unchanged at this week’s meeting.
Key Quotes
“Russia’s central bank meets Friday and is expected to keep rates steady at 11.0%”.
“However, the market is split. Of the 28 analysts polled by Bloomberg, 15 see no change, 12 see a 50 bp cut to 10.5%, and 1 sees a 100 bp cut to 10%”.
“The last move was a 50 bp cut to 11% back in July. For this meeting, we are in the steady policy camp, especially with the ruble weakening to levels not seen since September. Russia also reports November trade Friday”.
Key Quotes
“Russia’s central bank meets Friday and is expected to keep rates steady at 11.0%”.
“However, the market is split. Of the 28 analysts polled by Bloomberg, 15 see no change, 12 see a 50 bp cut to 10.5%, and 1 sees a 100 bp cut to 10%”.
“The last move was a 50 bp cut to 11% back in July. For this meeting, we are in the steady policy camp, especially with the ruble weakening to levels not seen since September. Russia also reports November trade Friday”.