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CBR Keeps the Doo Open to Future Hikes, Balance of CPI Risks to the Upside

RUSSIA
  • BANK OF RUSSIA: RATE HIKE POSSIBLE AT ONE OF NEXT MEETINGS
  • BANK OF RUSSIA: INFLATION 8.1% AS OF DEC. 13
  • CPI RISKS ARE MARKEDLY TILTED TO THE UPSIDE
  • SEES POSSIBLE SUBSTANTIAL CPI TARGET DEVIATION
  • CPI PRESSURE FROM LABOR MARKET INTENSIFIED
  • SEES INFLATION AT 4%-4.5% BY LATE 2022
  • MONETARY CONDITIONS REMAIN NEUTRAL
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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