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CBRT publish summary of January MPC meeting


Main highlights from summary:

  • The monetary policy stance will be determined by taking into account the evaluations on the source and permanence of risks
  • The effects of slowing foreign demand on aggregate demand conditions and production are closely monitored.
  • Although recently released data point to a stronger economic activity than anticipated, recession concerns in developed economies as a result of ongoing geopolitical risks and interest rate hikes continue.
  • The strong course of energy and gold imports still affects the current account balance negatively.

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