Russia Traders Boost Rate-Cut Bets to Highest Since March: ChartBy
As Russian policy makers meet on rates, derivatives traders have increased bets that Governor Elvira Nabiullina will lower the benchmark borrowing gauge. Forward-rate agreements are signaling 69 basis points of cuts over three months, the most since March and up from 50 basis points at the start of the week. Twenty-two analysts out of 42 surveyed by Bloomberg see a half-point cut when the Bank of Russia announces its decision at 1:30 p.m. on Friday.
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