Russian central bank to stay on hold

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Russia set to hold rates amid tensions with Turkey (by Yann Quelenn) The Central Bank of Russia is meeting today and will likely decide to maintain its key rate unchanged at 11%. Officials are concerned about the still very high Consumer Price Index currently standing at 15% year-on-year. For the time being, there is no clear downside trend in inflation and the central bank is looking for more inflation supporting data to continue its easing cycle. There is not much room

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