The Central Bank of Russia (CBR) will make its key rate decision on 24 April, per Nordea. EUR/RUB and USD/RUB are trading at 80.3704 and 74.2209, respectively. Key quotes “Inflation started to accelerate in March and may climb to around 3% by the end of April. It is still below the 4% target though, but it is likely to exceed it in Q3. Still medium-term inflation risks look moderate given the very sharp drop in consumer demand.” “The RUB appreciation since early April reduces potential upside pressure on the imported goods prices. This essentially gives room for monetary easing at a time when the economy is sliding into a recession amid the lockdown and extremely low oil prices.” “We believe that chances are slightly skewed in favour of -25 bp in April accompanied with a dovish signal. A more sizeable cut of 50 bp may come at June 19 meeting once m/m inflation in seasonally adjusted terms shows more signs of stabilization.” 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 New Zealand: CPI inflation may have eased – Standard Chartered FX Street 2 years The Central Bank of Russia (CBR) will make its key rate decision on 24 April, per Nordea. EUR/RUB and USD/RUB are trading at 80.3704 and 74.2209, respectively. Key quotes “Inflation started to accelerate in March and may climb to around 3% by the end of April. It is still below the 4% target though, but it is likely to exceed it in Q3. Still medium-term inflation risks look moderate given the very sharp drop in consumer demand.” “The RUB appreciation since early April reduces potential upside pressure on the imported goods prices. This essentially gives room for monetary easing at… 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.
