OREANDA-NEWS   The Russian stock market declined on Wednesday, March 12, amid investors' expectation of Russia's response to the proposal for a 30-day ceasefire formulated during the US-Ukrainian negotiations, as well as about inflation data in the country, which will be announced in the evening. This is stated in the BKS Express review.

At the time of writing, the Moscow Exchange index fell 0.7 percent to 3,178.65 points. It is noted that the ability to quickly return above the 3,200-point mark will largely depend on the geopolitical prospects, as well as on monetary policy issues. Given that news on this issue is expected as early as March 12, experts admit an increase in volatility at the evening session, the authors of the material explained.

The US authorities are waiting for Moscow to respond to the relevant initiatives. The Kremlin, in turn, confirmed the prospect of contacts with the Americans, detailing the agreements reached in Saudi Arabia.

As for the situation with the rate of price growth, according to Kommersant, the Central Bank's bulletin "What the trends say", published on Tuesday, March 11, differs intonationally from the previous ones and contains indications of scattered changes that may affect the formation of a stable disinflationary trend in the future. At the same time, annual inflation in the country, according to current data from Rosstat, still exceeds 10 percent.