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Central Bank Board Discussed Hold or 100BP Hike At February Meeting

RUSSIA
  • Russian central bank publishes new summary of latest key rate decision :
    • Board considered hold at 16% or hike to 17% at February meeting
    • Board opted to hold because tighter policy could have seen inflation fall below target in 2025
    • All board members agreed at February rate meeting that inflation pressure is gradually easing
    • Most board members expect rates to start coming down in h2, some think it could come earlier (Reuters News)

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