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CBR Sees May CPI at 5.7-5.9%, Re-Affirming Hawkish Bias

RUSSIA
  • RUSSIAN CPI SEEN AT 5.7%-5.9% Y/Y IN MAY: CENTRAL BANK'S DEPT
  • a 5.7-5.9% CPI print would reaffirm both CBR's concerns about price pressures and its hawkish rates stance
  • 3x6 FRA-Mosprime spreads currently stand at 79bp having moderated slightly from the peak at 84bp last week


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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