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CBR seen ‘on hold’ this week – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analyst at BBH expects the Russian central Bank (CBR) to leave its monetary policy unchanged at its meeting on Friday.

    Key Quotes

    “The Central Bank of Russia meets Friday and is expected to keep rates steady at 11.0%”.

    “However, a small handful looks for a 25 bp cut to 10.75%”.

    “With inflation easing to 8.1% y/y in February (the lowest since September 2014), we think there is a small chance of a dovish surprise rate cut. If not, then a rate cut is very likely in Q2”.
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