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USD/RUB Little Changed Following Rate Decision

RUB
  • USDRUB on the MICEX exchange was little changed overall in the immediate aftermath of the CBR decision and remains below the 90.00 handle.
  • While a 100bp rate increase was in-line with the median estimate of the Bloomberg survey, estimates ranged from no change to a larger 200bp rate hike.
  • A press conference with CBR Governor Nabiullina will follow at 1200GMT/1500 local time.

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