Free Trial

CBR Rate Decision in Focus; Putin Meets Lukashenko

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.
  • Elsewhere, President Putin will meet with his Belarusian counterpart Lukashenko in Sochi. As a Kremlin spokesman said, Belarus is Russia’s closest ally, and the two leaders communicate regularly. This will be the seventh meeting between Putin and Lukashenko this year.

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.