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MNI CBR Preview - March 2021:CBR to Hold, Expedited Hiking Cycle On The Cards

The CBR is at a critical point as inflation continues to overshoot, pressuring Nabiullina to scale back the CBR's flexible approach to transitory CPI risks and expedite the domestic hiking cycle. Broad expectations remain for a hold at this week's meeting, but a consensus is building for a shift in guidance towards preparing for a hiking cycle as early as 2Q21.

Full Preview Here:

CBR Preview 19.03.21.pdf

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

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