Bloomberg: Most likely today CB of Russia is fixing lower interest rate. The trend of decline in the RUB is general.

Most likely today CB of Russia is fixing interest rate to 11.5%, said the information compiled by Bloomberg. Respondents from 34 analysts give the agency forecast a drop to 11.5% - 21 people, seven other state forecast downloads of interest to 11.0%, while five other state 12.0%. The decision " The Central Bank of the Russian Federation - Interest Rate Decision (Jun)" is expected at 13: 30h.

CB surely give many indications that downloading percent will continue. If this happens, it will be for the fourth time this year (January 30th from 17% to 15%, 13 March to 14%, 30 April to 12.5%). In this down trend, commercial banks steadily reduced yields on deposits and assets in RUB.

Against the general trend of decline of the ruble in the second half of 2015 is likely to continue the transfer of savings and investment volumes of RUB in USD or EUR. Most analysts emphasize mainly the passage of rubles in USD, as expectations for a decline to EUR against the greenback in the second half of the year should become more massive.

In this regard, the British Capital Economics notes that medium-term inflation expectations in the euro area are still below the target of the ECB. Parallel launch of the ECB's intentions to maintain a long time interest rates low at the expense of FED and expected more aggressive interest rate policy in the US in early 2016. The conclusions of Capital Economics are that the EUR will continue to weaken against the USD, while in end of the year is expected to approach real parity.