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Russia’s central bank (CBR) is due to announce its rate decision today at 12.30 CEST and will be a key event for today’s session.

Key Quotes

“Together with Bloomberg and Reuters’ consensus, we expect the key rate to stay unchanged at 7.25%, as inflation pressure is set to mount later in H2 18. The main intrigue in the statement will be whether the CBR will allow a cut at all in 2018.”