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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.
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Free AccessCBR Leave Key Rate Unchanged, May Consider Hikes at Next Meetings
The CBR left its key rate unchanged at 7.50%, as expected, though signalled it may hike at subsequent meetings.
Key highlights from policy statement (via BBG):
- CBR to make rate decision based on CPI dynamics
- CBR may consider rate hike at next meetings if inflation pressures build
- Sees 2023 average key rate 7%-9%
- Sees end-2023 inflation 5%-7%, saw 5%-7%
- CPI to temporarily fall below 4% in next months
- Sees 2023 GDP growth in -1% to +1% range
To read the full story
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Please enter your details below.
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.