Back
28 Jan 2015
RUB keeps pointing south – Danske Bank
FXStreet (Edinburgh) - Vladimir Miklashevsky, Economist at Danske Bank, believes further pullbacks are on the cards for the beleaguered Russian currency.
Key Quotes
“Economic growth prospects in Russia are deteriorating significantly on broadening demand-side shock”.
“The Russian central bank (CBR) was the major newsmaker in the Russian economy in 2014 when its hikes totalled 1,150bp to save the rouble and halt accelerating inflation”.
“We remain bearish on the outlook for the Russian rouble and we expect it to see additional pressure on the falling oil price, rising capital outflows and accelerating inflation”.
Key Quotes
“Economic growth prospects in Russia are deteriorating significantly on broadening demand-side shock”.
“The Russian central bank (CBR) was the major newsmaker in the Russian economy in 2014 when its hikes totalled 1,150bp to save the rouble and halt accelerating inflation”.
“We remain bearish on the outlook for the Russian rouble and we expect it to see additional pressure on the falling oil price, rising capital outflows and accelerating inflation”.