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Nabiullina: 100bp Hike in March Less Unconventional than Previously Thought

RUSSIA
  • NABIULLINA: S/A MONTHLY INFLATION HAS PEAKED IN OCTOBER
  • NABIULLINA: CAN'T SAY THERE'S SUSTAINABLE INFLATION SLOWDOWN - Expects a slowdown towards the end of Q1
  • Nabiullina very hawkish at this presser on overheating risks.
  • May increase the likelihood of of a larger step of 50-100bp at the next meeting, should inflation pressures fail to moderate on base effects in Feb
  • Nabiullina: 100bp at the next meeting is less of an unconventional step than we could have considered in the past
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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