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CBR Rate Decision Coming Up (1130BST)

RUSSIA
  • The CBR are widely expected to keep the key rate unchanged at 12% today (1130BST/1330 local time) having front-loaded rate hikes at the emergency meeting in August.
  • However, there remains outside risk of a rate hike as the Bank look to juggle a recovery in the inflation rate, curtailed export revenues and domestic financial fragility via the FX channel.
  • The decision will be accompanied by a new economic outlook as well as a news conference by Governor Nabilullina (taking place at 1300BST/1500 local time).
  • Click here to see our full preview of the decision.

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