Russia FX/Rates Snapshot - January 11, 2019
Today, CPI data for the first nine days of the year will be released at 16:00 Moscow time. It will be the first print including the effect of the VAT increase from 18% to 20% that went into effect at the turn of the year. If it turns out significantly higher than the 1.2% we expect, which we cannot rule out given the acceleration of inflation above the CBR's forecast in December, this may increase the chances of a CBR hike in February to curb inflation expectations, which also rose in December and may rise even more significantly on higher inflation.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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