Breaking
Posted 5 hours ago
Russia Cuts Interest Rate to 14.25%, Above 14% Forecast
The Bank of Russia cut its benchmark interest rate to 14.25%, down from the previous 14.50%. The decision came in above the 14% forecast, signaling a more cautious easing pace than markets anticipated.
USD/RUB and EUR/RUB are the primary pairs to watch. A smaller-than-expected cut is modestly RUB-supportive, as higher rates relative to forecasts attract carry interest. Traders should monitor RUB pairs for short-term volatility following the surprise.
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