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CEE Real Rates
Given the real rate, Russia carry traded is extremely crowded.. Inflation is now on target at 4%.. And CBR is likely to cut another 200bpts if stars align. But the longer end of the curve are likely to slowly get unwind given the FX and oil price uncertainty
Given the real rate, Russia carry traded is extremely crowded.. Inflation is now on target at 4%.. And CBR is likely to cut another 200bpts if stars align. But the longer end of the curve are likely to slowly get unwind given the FX and oil price uncertainty
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