TD Securities analysis team suggests that contrary to the consensus, they expect the CBR to cut its Key Rate by 50bps to 6.5% at today’s Board Meeting – twice the 25bps expected in the Bloomberg survey. Key Quotes “Since the September meeting, inflation developments have once again surprised to the downside. Russia’s CPI is already running below the 4% target and is expected to decrease further on the back of strong base effects from last year’s VAT hikes.” “Governor Nabiullina has recently mentioned that “space for further easing of monetary policy” has opened up. She also hinted that the CBR’s year-end inflation forecasts may be revised down. The later would be unusual, given that this is a non-core meeting, but her hint makes us believe that the CBR will front-load easing.” “We expect a cut of 50bps at today’s meeting and another follow-up move of 50bps at the December meeting.” 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 Indonesia: Accommodative course maintained from BI – Standard Chartered FX Street 3 years TD Securities analysis team suggests that contrary to the consensus, they expect the CBR to cut its Key Rate by 50bps to 6.5% at today's Board Meeting - twice the 25bps expected in the Bloomberg survey. Key Quotes "Since the September meeting, inflation developments have once again surprised to the downside. Russia's CPI is already running below the 4% target and is expected to decrease further on the back of strong base effects from last year's VAT hikes." "Governor Nabiullina has recently mentioned that "space for further easing of monetary policy" has opened up. She also hinted that the CBR's… 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.
