RSS RUB: 200bp rate hike likely from CBR – Commerzbank

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 RSS RUB: 200bp rate hike likely from CBR – Commerzbank

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Ruble weakness following the latest round of US sanctions makes a large rate hike in December very likely. This Friday, Russia’s central bank (CBR) is expected to hike its key rate by 200bp to 23.0%, Commerzbank’s FX analyst Tatha Ghose notes.
 
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