Russia: CBR says could consider harsher monetary policy in the event of a crisis
According to the latest headlines crossing Reuters, the Central Bank of Russia (CBR) said that they could consider a "harsher monetary policy" in the event of a crisis. The CBR further said that they were expecting the GDP growth in the third quarter to 0.8-1.3% range boosted by increasing state investments.
The bank also stated that its baseline scenario supposes coordination among OPEC members and their allies.
The USD/RUB pair didn't show a significant reaction to the CBR's remarks and was last seen at 62,8845, losing 0.2% on a daily basis.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.