Russian rouble weakens ahead of off-schedule rate decision ...Middle East

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Russian rouble weakens ahead of off-schedule rate decision
source : Devdiscourse ( Middle East ) () 16
The Russian rouble weakened ahead of an off-schedule central bank policy meeting that will likely see interest rates lowered on Thursday, though it still traded not far from multi-year highs against the euro and dollar, buoyed by capital controls. The central bank is due to announce its decision on rates at 0730 GMT. Several analysts expect a key interest rate cut to 12% from 14%. Before Russia sent tens of thousands of troops into Ukraine on Feb. 24, the rate stood at 9.5%.

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