FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBR Governor Says Tight MonPol Needed for Several Quarters

RUSSIA
  • Speaking on monetary policy to the State Duma, Bank of Russia Governor Elvira Nabiullina said Russia has to maintain tight monetary policy for several quarters to fight the inflation. “If we loosen the grip, we won’t gain anything - we’ll still have to lower inflation, but from a higher level” she said, adding that inflationary pressure is expected to peak in 3Q 2024 but that by the end of the next year it should be back to the 4% target.
  • Some retailers are resorting to unconventional ways of curbing inflation, Kommersant report, for example, the Russian subsidiary of France’s Auchan has asked suppliers not to raise prices until the end of 2023, preparing to appeal to regulators if they do not do so.
  • President Putin visits Kazakhstan for talks with his counterpart Kassym-Jomart Tokayev today. Weekly CPI data is on the docket ahead of the headline print tomorrow (Est: +6.70% y/y; Prior: +6.00%).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.