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MNI CBR Preview: Cautious CBR Seen Hiking +25bps, But +50bps On The Table

RUSSIA

23/04/21 - 1130BST/1130CEST/0630ET


The CBR is expected to raise its key rate by +25bps Friday, with material risk of a +50bps hike as acute inflationary pressures and geopolitical concerns weigh on the outlook. However, with signs of moderation in weekly CPI dynamics and limited impact from US sanctions, the CBR may opt to stick with its more cautious, "gradual" policy tightening approach and refrain from preemptively over-tightening.


Full Preview Here:

CBR Preview 23.04.21.pdf

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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