Free Trial

Scotiabank See CBR Able to Stimulate Economy as Risk of Imported Inflation Ebbs

RUSSIA
  • Russia’s central bank may cut its policy rate again. Capital controls have stemmed capital flight and accordingly created the mirage of ruble strength as the currency has appreciated by over 120% since its bottom on March 7th.
  • Stemming the currency’s freefall has given the ability to cut the policy rate in an effort to stimulate the domestic economy as imported inflation risk ebbs, but not without the usual costs associated with capital controls.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.