Paul Fage, senior emerging markets strategist at TD Securities, suggests that they are in line with the unanimous consensus, expect the CBR to keep its policy rate, the Key Rate, on hold at 7.75%. Key Quotes “Recently Yudaeva, First Deputy Governor of the CBR, said that its was not obvious yet if the 2018 rate hikes (in September and December) were enough. For at least the next couple of months we expect the CBR to remain cautious and to continue to see the balance of risks as being in a pro-inflationary direction.” “It is possible that the press statement and/or Governor Nabiullina in the press conference could hint at a more dovish stance, but that is not our central expectation. However, our central expectation is that the CBR will not need to hike again, and that in fact they will be able to start slowing easing starting in December of this year.” “Although it is hard to be precise as to what is priced into the ruble rate curve, we think it is broadly consistent with our view, albeit pricing in initially a faster pace of easing than we expect. But, of course, a sharp sell-off in the ruble, perhaps resulting from new sanctions, could bring the question of further CBR rate hikes back onto the table.” 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 EU’s Juncker: PM May needs to get parliament’s approval FX Street 4 years Paul Fage, senior emerging markets strategist at TD Securities, suggests that they are in line with the unanimous consensus, expect the CBR to keep its policy rate, the Key Rate, on hold at 7.75%. Key Quotes "Recently Yudaeva, First Deputy Governor of the CBR, said that its was not obvious yet if the 2018 rate hikes (in September and December) were enough. For at least the next couple of months we expect the CBR to remain cautious and to continue to see the balance of risks as being in a pro-inflationary direction." "It is possible that the press statement and/or… 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.