Russia FX/Rates Snapshot - July 27, 2018
We expect the CBR to leave the key rate on hold at 7.25% today. At its last meeting on June 15, it sent a clear signal that the rate would remain at that level at least through 3Q18, citing the scheduled VAT hike and concern over inflation expectations. Little has changed since then. In the US, 2Q GDP is set to register its strongest pace since 2014.
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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