💱US Dollar/Russian Rouble FX Spot Rate
USDRUB
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Russian Central Bank cuts rate less than expected, signaling hawkish stance, which supports the rouble.
Impact on assets 1
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The Russian Central Bank cut its key interest rate by 25 basis points to 14.25%, surprising markets that had expected a 50-basis-point reduction. Commerzbank’s Michael Pfister said the smaller cut signals a hawkish stance and caution on further easing.
Russian Central Bank cuts rate less than expected, signaling hawkish stance, which supports the rouble.