Russia FX/Rates Snapshot - September 20, 2018
Today will see a rate decision in South Africa. The market consensus expects no change to the rate, which is currently at 6.5%, although the rand has risen 1.5% this morning. If the bank raises the rate, this should support EM currencies, including the ruble. Switzerland and Norway also hold monetary policy meetings today; the latter is expected to hike by 25 bps to 0.75%.
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