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Key Rate Left Unchanged at 7.50% as Expected

CBR
Highlight of comments from monetary policy statement (via BBG):
  • Inflation 12.7% as of Dec 12
  • Labour shortages increasing in many industries
  • Bank of Russia to make rate decision based on CPI dynamics
  • Global environment constrains economic activity

See full press release here: https://www.cbr.ru/press/pr/?file=16122022_133000K...

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