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BONDS

Gilt/Bund spread breaks above the double top

OUTLOOK

Weekly Claims, Retail Sales, TIC Flows

RUSSIA

MNI CBR PREVIEW: 12/02/21 - 1030GMT/0530ET

  • MNI POV: Hawkish Hold at 4.25%, Rate Hike Risks Brewing
  • The CBR is expected to strike a cautious tone this week, keeping the key rate unchanged at 4.25% as the recent inflation overshoot proves more resilient than initially anticipated.
  • Focus will be on Nabiullina at the presser for a hawkish tilt in guidance, but may fall short of signalling an expedited hiking cycle.
  • CBR Preview 12.02.21.pdf

Full Preview Here:
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com