Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that in Russia, the CBR left the Key Rate unchanged at 7.25% as forecast by TD and the unanimous consensus. Key Quotes “The balance of risks is shifted towards pro-inflationary risks. Monetary conditions are close to neutral but are now at the tight end of the monetary policy spectrum.” “The market reaction has been negligible, as expected.” “Going forward, we expect further easing to be constrained by a possibly adverse dynamic of inflation expectations. However, we still see scope for further 50bps of easing in the forecast horizon.” 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 Ripple price analysis: XRP/USD trading a falling wedge pattern; Charlie Lee compares XRP to Diamond FX Street 5 years Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that in Russia, the CBR left the Key Rate unchanged at 7.25% as forecast by TD and the unanimous consensus. Key Quotes "The balance of risks is shifted towards pro-inflationary risks. Monetary conditions are close to neutral but are now at the tight end of the monetary policy spectrum." "The market reaction has been negligible, as expected." "Going forward, we expect further easing to be constrained by a possibly adverse dynamic of inflation expectations. However, we still see scope for further 50bps of easing in the forecast horizon." 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.
