CBR still not ready for further tightening – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at BBH have assessed the recent stance by the Russian central bank.

    Key Quotes

    “Russia’s central bank tilted a bit more dovish. Governor Nabiullina said an improving inflation outlook will allow the bank to undertake steeper monetary easing without putting financial stability at risk”.

    “Still, she cautioned that one-off factors were largely responsible for the recent slowdown of inflation”.

    “The next policy meeting April 29 may be too soon to start the easing cycle”.
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