Free Trial
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.
RUSSIA
- Earlier this morning, CBR Governor mentioned in an interview that inflation in Russia has accelerated 'markedly', with CPI surging to 6% in May and diverging significantly from CBR 4-percent target.
- As a consequence, CBR policymakers have started to raise interest rates to curb the inflationary pressures, lifting the benchmark rate by 125bps since the start of the year up to 5.5%.
- While sell-side institutions have increased their 2021 forecast up to 5.1%, analysts still expect inflation to converge back towards the CBR 4-percent target for 2022 (red line).
Source: Bloomberg/MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok