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RUSSIA: CBR Rate Decision Coming Up (11:30BST/13:30 local time)

RUSSIA
  • There is no clear consensus over the outcome of this month’s CBR meeting, though expectations are tilted to no change.
  • While rising inflation expectations could warrant an additional 100bp hike, economic activity data has shown early signs of slowing down, which should provide the central bank room to keep its key rate unchanged at 18% instead.
  • The rate decision itself is at 11:30BST/13:30 local time, followed by a press conference by Governor Nabiullina at 13:00BST/15:00 local.
  • See the full preview, with a summary of sell-side analyst views, here.
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  • There is no clear consensus over the outcome of this month’s CBR meeting, though expectations are tilted to no change.
  • While rising inflation expectations could warrant an additional 100bp hike, economic activity data has shown early signs of slowing down, which should provide the central bank room to keep its key rate unchanged at 18% instead.
  • The rate decision itself is at 11:30BST/13:30 local time, followed by a press conference by Governor Nabiullina at 13:00BST/15:00 local.
  • See the full preview, with a summary of sell-side analyst views, here.