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engabood predicted bearish impact of Interest rate decision in the Fundamental analysis Contest

In February meeting, the Central Bank of Russia lowered its interest rate by 25 bps to 6%. policymakers hinted that there will be further more rate cut in the near future. Despite of Coronavirus, the Russian inflation is strong.
Bearish for USD/RUB.

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tarak807 predicted bearish impact of Interest rate decision in the Fundamental analysis Contest

In this global pandemic situation Russia is the only country who suffers not so like others. Though globally everyone is the loss bearer. I am expecting Russian central bank will decrease the interest rate in favour of worldwide demand. Where other countries like USA decrease their interest rate to almost zero. I think Russia will take a wise decision.

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