The International Monetary Fund (IMF) assessed the central banks of various countries in one of its annual reports and recognized Russia’s central bank as the most unpredictable bank in the world.
However, not all the experts agree with this view.
Decisions taken by the bank throughout the past 4 years had been considerably anticipated. The Central Bank of the Russian Federation made it clear to the market that it intended to systematically reduce interest rates. Therefore, many have made significant profits on a rally of federal loan bonds. The latest rate increase did not surprise the market as well and was predicted by quite a lot of analysts.
The bank also believes that their decisions are not particularly unforeseen for the markets.
“My advice to analysts: try rather to look at the current situation than to read words of the previous statements, form your opinion regarding our future actions by understanding the logic of our decisions,” Ksenia Yudaeva, First Deputy Governor of the Bank of Russia advised.
On the other hand, the Federal Reserve System was considered by the IMF the most predictable. Janet Yellen, the former US Federal Reserve System Chairman, purposefully established communication with the market. Jerome Powell, the current Fed’s Chairman, has the same approach. The US Federal Reserve has not had a single step over the past 8 years, which the market did not know about in advance, the IMF claims.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $9000 more!
In May we raffle $9000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST