Analysts at TD Securities suggest that in line with the almost unanimous consensus, they expect the CBR to cut its Key Rate by 25bps to 7% at today’s Board Meeting. Key Quotes “Since the July meeting, inflation developments have been positive with CPI inflation falling to 4.3% y/y in August from a prior 4.6% and, of course, the global financial environment remains dovish with the Fed likely to cut at the end of this month.” “The biggest argument against easing since the July meeting is that USDRUB has moved around 5% higher, which could add to ‘pro-inflationary’ risks. On balance, we still think that CBR will cut by 25bps and cautiously admit the “possibility of further key rate reduction at one of the upcoming Board of Directors’ meetings”.” 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 ECB: Now is the time for action – Danske Bank FX Street 4 years Analysts at TD Securities suggest that in line with the almost unanimous consensus, they expect the CBR to cut its Key Rate by 25bps to 7% at today's Board Meeting. Key Quotes "Since the July meeting, inflation developments have been positive with CPI inflation falling to 4.3% y/y in August from a prior 4.6% and, of course, the global financial environment remains dovish with the Fed likely to cut at the end of this month." "The biggest argument against easing since the July meeting is that USDRUB has moved around 5% higher, which could add to 'pro-inflationary' risks. On balance,… 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.
