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18th of November 2018


Russia surprises with a 25bp rate hike @ Forex Factory


The key reasons for the CBR's rate hike today included higher inflation risks based on the high degree of external uncertainty and its impact on financial markets. According to the CBR, a further rise in yields in developed markets, capital outflows from emerging markets and geopolitical risks could contribute to continued high financial market volatility – so influencing Rouble and inflation expectations. The necessity of further increases in the key rate will depend on inflation and economic growth performance compared to the CBR's expectations and also to external risks and the reaction of financial markets. At the same time the CBR ... (full story)

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