In view of analysis team at Rabobank, the Bank of Russia is set keep its policy rate unchanged at 7.75% when the decision is announced at 10:30gmt on Friday. Key Quotes “With the Russian ruble the best performing EM currency so far this year and the negative impact of a VAT hike proving less negative than initially anticipated, Governor Nabiullina is in a relatively comfortable situation to maintain wait-and-see approach adopted after the CBR surprised the market with two 25bps hikes in September and December.” “The main focus will be on the official statement as the market will be looking for any clues that perhaps the next move could be a cut due to fading inflationary risk.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next German jitters send EUR/USD plunging Yohay Elam 4 years In view of analysis team at Rabobank, the Bank of Russia is set keep its policy rate unchanged at 7.75% when the decision is announced at 10:30gmt on Friday. Key Quotes "With the Russian ruble the best performing EM currency so far this year and the negative impact of a VAT hike proving less negative than initially anticipated, Governor Nabiullina is in a relatively comfortable situation to maintain wait-and-see approach adopted after the CBR surprised the market with two 25bps hikes in September and December." "The main focus will be on the official statement as the market will be looking… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
