7 Sep 2015
Consensus remains for CBR to stay put – BBH
FXStreet (Edinburgh) - The research team at BBH coincides with the broader consensus on the Russian central bank to keep rates unchanged at this week’s meeting.
Key Quotes
“Russia central bank meets Friday and is expected to keep rates steady at 11.0%. However, a small handful sees a 50 bp cut to 10.5%”.
“CPI inflation has accelerated two straight months to 15.8% y/y in August, and so we think steady rates are warranted”.
“Russia also reports July trade Friday. Exports are expected at -36% y/y while imports are expected at -44% y/y”.
Key Quotes
“Russia central bank meets Friday and is expected to keep rates steady at 11.0%. However, a small handful sees a 50 bp cut to 10.5%”.
“CPI inflation has accelerated two straight months to 15.8% y/y in August, and so we think steady rates are warranted”.
“Russia also reports July trade Friday. Exports are expected at -36% y/y while imports are expected at -44% y/y”.