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MNI CBR Preview: CBR Targets De-Anchored Expectations With +100bp Hike

RUSSIA

17/12/21 - 1030GMT/1130CET/0630ET


The CBR is broadly expected to raise its key rate by 100bps this week to 8.50% amid broadening price pressures and still elevated inflation expectations in November. Risks remain skewed slightly to the downside, however, with consensus split over +75-100bps as markets gauge tentative disinflationary signals emerging in w/w figures in December. Nevertheless, hawkish rhetoric from CBR officials and Putin have tilted expectations towards delivering a larger hike as a sign of intent from the MPC to tame persistent overshooting since September.


Full preview Here: https://marketnews.com/mni-cbr-preview-december-cb...

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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