Back
26 Jan 2015
CBR to keep rates steady – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team previews this week’s Russian Central Bank’s meeting, noting that the CBR might keep rates steady at 17.0%.
Key Quotes
“Russian central bank meets Friday and is expected to keep rates steady at 17.0%. Of the 18 analysts polled by Bloomberg, 17 see no change and 1 sees a 200 bp cut to 15.0%. However, there has been chatter about changes with new First Deputy Governor Tulin now in charge of monetary policy. These changes could take many forms, but we assume they will lead to some headline risks for those holding short ruble positions.”
Key Quotes
“Russian central bank meets Friday and is expected to keep rates steady at 17.0%. Of the 18 analysts polled by Bloomberg, 17 see no change and 1 sees a 200 bp cut to 15.0%. However, there has been chatter about changes with new First Deputy Governor Tulin now in charge of monetary policy. These changes could take many forms, but we assume they will lead to some headline risks for those holding short ruble positions.”