FXstreet.com (Barcelona) - The CBR (Central Bank of Russia) is expected to leave its rates unchanged: overnight deposit rate at 4.00%, overnight auction-based repo rate at 5.25%, and refinancing rate at 8.00%. TD Securities analysts expect the central bank not to change policy for the rest of the year, before tweaking the deposit rate 25bp higher in Q3 2013, as Russian economy is comfortable, with June inflation near historical lows at 4.3% (YoY) and the deceleration of GDP growth is not concerning: “GDP growth is decelerating, but so far not at alarming pace, as the economy has, until recently, continued to benefit from stable demand and prices for its crucial energy exports”.
Forex Flash: CBR (Russia) to leave rates unchanged – TD Securities
Fri, Jul 13 2012, 06:50 GMT | FXstreet.com
EUR/USD Jun 19 at 17:24 GMT
1.3403/07 (0.10%)
H1.3414 L 1.3384
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
