10 Mar 2015
RUB stability expected to wane – TDS
FXStreet (Edinburgh) - Strategists at TD Securities see the current stability in the Russian currency to be fragile.
Key Quotes
“Russia’ CBR will announce rates on Friday and we expect a 100-200bp cut to 13-14%”.
“This is in line with consensus and the new course of monetary policy that tries to provide a little stimulus (or remove curbs) to growth, though inflation keeps nudging higher”.
“We doubt that the recent RUB stability will be long lasting with most regional and global risks unabated”.
Key Quotes
“Russia’ CBR will announce rates on Friday and we expect a 100-200bp cut to 13-14%”.
“This is in line with consensus and the new course of monetary policy that tries to provide a little stimulus (or remove curbs) to growth, though inflation keeps nudging higher”.
“We doubt that the recent RUB stability will be long lasting with most regional and global risks unabated”.