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The Russian central bank cut rates by........>

RUSSIA
RUSSIA: The Russian central bank cut rates by 25bps vs. Expectations of a 50bps
cut - although the bank warn that they could cut rates further in the coming few
meetings.
- The Bank narrow their GDP growth expectations for 2020, now seeing GDP
contracting 4.5-5.5% after prior expectations of 4.0-6.0%.
- USD/RUB is relatively unreactive so far - trades in minor positive territory
at 71.58 at typing.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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