Russian ruble: policy pause likely as inflation risks linger, Commerzbank says
FROM THE WIRE · FXSTREET.COM
Commerzbank’s Tatha Ghose expects the Russian central bank to leave its key rate unchanged at 14.0%, in line with consensus. He argues inflation dynamics and fiscal risks justify a pause, and notes CBR’s medium-term rate forecast for 2027 may be revised higher.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA Russian central bank hold is in line with consensus, so the market impact is limited.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Commerzbank expects the Russian central bank to keep its key rate unchanged at 14.0%.
- 02The expectation is in line with market consensus.
- 03The medium-term rate forecast for 2027 may be revised higher.