Free Trial

RUSSIA: CBR Will Tighten Policy Further in Event of Pro-Inflationary Scenarios

RUSSIA
  • Russia's Central Bank intends to further tighten monetary policy in the event of pro-inflationary or risky scenarios, it indicated in the draft monetary policy guidelines for 2025-2027 released Thursday, Vedomosti report. The main factor in a slide toward the pro-inflationary scenario could be the growth of government stimulus of the economy, it said.
  • The price of gold in Russia has risen more than 10% in the past three weeks and closed above RUB 7,300 per gram on the Moscow Exchange for the first time since March 2022 on Thursday, Kommersant report. Prices are climbing steadily along with gold prices on the world market, but Russian prices are also rising due to the weakening of the RUB amid strong demand for dollars from importers.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.