Reuters reports the latest comments from the Central Bank of the Russian Federation (CBR), Governor Elvira Nabiullina, as she endorses rate cuts in small steps.
Key Headlines:
Bank prefers to lower key interest rate in small steps.
She expects the US-China trade dispute to last.
Bank plans to complete the monetary easing cycle by mid-2020.
Bank will prepare rescued lenders for sale on the market
Rouble could firm if the government starts spending national wealth fund.
The USD/RUB cross trades flat within a striking distance of the weekly tops of 63.3841, as the RUB remains undermined by the above comments.
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