X @外汇交易员

Market Expectations - The market anticipates a 2% (200 basis points) interest rate cut by the Russian Central Bank, marking the second consecutive cut and the end of the tightening cycle [1] Economic Slowdown - The Russian economy is experiencing a slowdown, with economic growth for the first 7 months of the year nearing the lower bound of the Central Bank's 1%-2% forecast [1] - Economists are warning that full-year economic growth may fall below the 1%-2% range [1] - July's industrial production grew by only 0.7%, falling short of June's 2% and approximately half of economists' expectations [1]