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Nabiullina Reiterates Hawkish Bias in Presser as CPI Risks Rise

RUSSIA

Nabiullina Presser:

  • CBR must take active measures to keep prices stable
  • Inflation is worrying us more and more
  • Demand inflation exceeding supply side factors
  • banks yet to pass through rite hikes to deposit rates, policy still very accommodative 2021 inflation to be above April forecast
  • balance of risks to inflation have shifted towards even more proinflationary ones, disinflationary factors have diminished further
  • inflation to return to near 4% target by 2h22
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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