Finansy09-02-2009 Trader forecast for the week: hack again threatening ordeals The past week has become a serious challenge to the Russian ruble and the Bank of Russia. The market tried to break through the narrow framework of the value of the currency basket. However, all attempts were in vain, and the atmosphere was calm at the time. According to experts, a new week may not be as favorable to the ruble, and "enemies" who gained power over the weekend, once again rush to the attack, breaking through the border of dual currency corridor. CBR currency basket (consisting of 55% of the dollar, and 45% of euros) last week was able to stand within the established corridor (with upper ceiling value of 41 rubles), although in the first trading days actively trying to break over the border. Moreover, it seems that the Central Bank has not intervened in the course of trading, denoting their presence exhibiting significant bids for purchasing rubles at levels above the established limits. Bidding on the world currency market has been very nervous. The most significant events of this week began meeting of the Bank of England and European Central Bank on Thursday. The meeting did not bring any surprises. The ECB, as expected, left the benchmark interest rate unchanged - at 2% per annum. Bank of England on Thursday lowered the base interest rate to 1% from 1.5% per annum - a record for at least more than 300 years!
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