CBR’s Nabiullina: Bank prefers to lower key interest rate in small steps

Reuters reports the latest comments from the Central Bank of the Russian Federation (CBR), Governor Elvira Nabiullina, as she endorses rate cuts in small steps.

Key Headlines:

Bank prefers to lower key interest rate in small steps.

She expects the US-China trade dispute to last.

Bank plans to complete the monetary easing cycle by mid-2020.

Bank will prepare rescued lenders for sale on the market

Rouble could firm if the government starts spending national wealth fund.

The USD/RUB cross trades flat within a striking distance of the weekly tops of 63.3841, as the RUB remains undermined by the above comments.