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Governor Nabiullina Comments in Post-Rate Decision Presser

RUSSIA

Highlights from CBR Governor Nabiullina's post-rate decision press conference (comments via BBG):

  • Given the lags in the influence of the monetary policy, we will have to respond to this in a timely manner by raising the key rate.
  • We continue to think a rate increase is more likely.
  • We considered rate hike, hold at today's meeting.
  • Inflation is now temporarily at lower levels, will grow.
  • Ruble weakening is already influencing inflation.

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