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CBR Sees Room for More Cuts, Eyes 8-10% FY22 GDP Decline

RUSSIA
  • Statement: https://www.cbr.ru/eng/press/pr/?file=29042022_133...
  • BANK OF RUSSIA SEES 2022 AVG KEY RATE 12.5%-14%, SAW 9%-11%
  • CPI:
  • BANK OF RUSSIA SEES END-2022 INFLATION 18%-23%, SAW 5%-6%
  • INFLATION 17.6% AS OF APRIL 22
  • SEES END-2023 INFLATION 5%-7%; SAW 4%
  • BANK OF RUSSIA SEES 2022 GDP FALLING 8%-10%, SAW 2%-3% GROWTH
  • BANK OF RUSSIA SEES 2022 CURRENT ACCOUNT SURP. $145B; SAW $133B
  • BANK OF RUSSIA SEES ROOM FOR FURTHER CUT IN 2022
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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