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Lower inflation should result in lower overnight bank rates which should result in a declining currency value. https://www.reuters.com/article/russia-economy-vtb/vtb-ceo-expects-russian-central-bank-to-hold-key-rate-at-next-meeting-tass-idUSR4N29G023 https://www.reuters.com/article/russia-economy-inflation/russian-inflation-may-slow-below-3-in-q1-says-...


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