January 19, 2023 11:05 GMT
Repo Rate Held At 9.0%, As Expected
The CBRT kept the one-week repo rate unchanged at 9.0%, as expected
From the press release:
- Recession concerns in developed economies as a result of ongoing geopolitical risks and interest rate hikes continue
- Level and underlying trend of inflation have been improved with the support of the integrated policy approach implemented to strengthen sustainable price stability and financial stability
- The Committee will continue to decisively use the tools supporting the effectiveness of the monetary transmission mechanism and the entire policy toolset, particularly funding channels, will be aligned with liraization targets.
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