Perfect Storm for Commodity Currencies: Marinov

The video discusses the Bank of Russia's decision to delay its inflation target and the implications for the ruble amidst EU sanctions and falling commodity prices. It explores the impact of oil prices on the Russian economy and the broader effects on commodity currencies like the Norwegian kroner and Canadian dollar. The discussion shifts to the Swiss National Bank's gold referendum, which could affect its monetary policy and the Euro-Swiss franc peg. The potential consequences of a yes vote in the referendum are examined, highlighting risks of deflation and economic stagnation similar to Japan.

What action did the Bank of Russia take regarding its inflation target?

• Increased the target to 5%

• Pushed back the target to 2017

• Lowered the target to 2%

• Maintained the target for 2016

Which factor is crucial for the Russian ruble's stability?

• Agricultural exports

• Tourism revenue

• Technology advancements

• EU sanctions

What is the expected impact of the OPEC meeting on oil prices?

• No change in oil prices

• Immediate price drop

• Stabilization at lower levels

• Increase in oil prices

Which currencies are most affected by falling commodity prices?

• Euro and Pound

• Yen and Yuan

• Norwegian krone and Canadian dollar

• Swiss franc and US dollar

What is the main concern of the Swiss National Bank's referendum?

• Increasing interest rates

• Maintaining gold reserves at 20%

• Reducing inflation

• Boosting tourism

What could be a consequence of a yes vote in the Swiss referendum?

• Prolonged deflation

• Strengthening the Euro-Swiss franc peg

• Immediate economic growth

• Decrease in gold reserves

What challenge might the Swiss National Bank face if the referendum passes?

• Maintaining the Euro-Swiss franc peg

• Increasing gold exports

• Reducing foreign investments

• Boosting the tourism sector