Fed’s Hammack Says More Data Needed Before Next Rate Move 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
RBA Signals More Rate Hikes as Inflation Risks Rise 
Fed Minutes Signal Another Rate Hike by Year-End 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Add as a preferred source on Google
The central bank of Russia, CBR will be announcing its policy rate decision tomorrow, and there will be a press conference after the rate announcement.
There are geo-political tensions around the country , and Russia recently introduced sanctions against food imports from Turkey as a response to Russian warplane being shot down by Turkish armed forces in November 2015.
"We expect the key rate to be lowered by 50bp to 10.50%, while consensus recently changed its view to 'no change'", says Danske Bank in a research note.
The central bank expects the impact of this sanctions to be limited on the Russian inflation. It expects to encounter a 0.2-0.4 pp increase in inflation and even the CPI medium-term forecasts to have minimal impacts.
The CBR expects the impact of the sanctions on inflation to be limited. It expects it to account for a 0.2-0.4pp increase in inflation and to have an insignificant impact on the mid-run CPI forecast.
