Russia: CBR rate hike is underrepresented – TDS
|The week of March 16th brings the rate announcements in Russia on Friday. The decision is scheduled during a time of extreme market turbulence, economists at TD Securities apprise. USD/RUB is trading at 73.80.
Key quotes
“We would not be entirely surprised to see the CBR hike rates to support the currency. We think this scenario is underrepresented in the economic consensus. There, an overwhelming majority anticipates a hold.”
“RUB will likely remain stable in case of a hold or potentially strengthen in case of a preemptive hike.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.