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LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike.
About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%.
Here are some key questions being asked by markets:
1/WHAT ROLE WILL GEOPOLITICS PLAY?
Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options are on the table and more might come.