Free Trial

Nabiullina Plays Down Sanctions System Risks, But CBR Statement Shows Concern

RUSSIA
  • NABIULLINA: STATE DEBT SANCTIONS WON'T CREATE SYSTEM RISKS
  • The mention of geopolitical risks alongside stronger global market volatility in the statement shows the CBR's is concerned about sanctions and factoring in currency risks into the framework which adds weight to the narrative that these latest sanctions have stepped up in their impact
  • USD/RUB drifting higher during the meeting, tracking $ buying more than Nabiullina's hawkish presser- Hovering just above the 74.00 handle
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.