Analysts at TD Securities suggest that in line with the unanimous consensus, they expect the CBR to keep its Key Rate on hold at 7.75% at today’s Board Meeting. Key Quotes “At the March meeting the CBR struck a more dovish tone, saying that the impact of the January VAT hikes on inflation was less than they feared and cutting the end-2019 inflation forecast to 4.7-5.2% from 5.0-5.5%, with inflation returning to the 4% target in H1 2020.” “Furthermore, the CBR admitted the possibility of the Key Rate being cut in 2019. The CBR will be encouraged by the rise in oil prices since the March meeting and in the relative stability of USDRUB, and we expect the CBR to continue with the fairly dovish tone.” “We are currently forecasting the first hike to come at the December meeting, but the risks are currently skewed towards it being earlier rather than later than this.” 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 NZ: Solid March trade balance data – ANZ FX Street 4 years Analysts at TD Securities suggest that in line with the unanimous consensus, they expect the CBR to keep its Key Rate on hold at 7.75% at today's Board Meeting. Key Quotes "At the March meeting the CBR struck a more dovish tone, saying that the impact of the January VAT hikes on inflation was less than they feared and cutting the end-2019 inflation forecast to 4.7-5.2% from 5.0-5.5%, with inflation returning to the 4% target in H1 2020." "Furthermore, the CBR admitted the possibility of the Key Rate being cut in 2019. The CBR will be encouraged by the rise… 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.
