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WoW CPI Slows Slightly, But Markets Still Anticipate More CBR Hikes Ahead

RUSSIA
  • Decent slowdown in weekly CPI pressures for Russia, but not out of the woods yet
  • Passthrough via the FX channel will have increased markedly on the back of geopolitical developments and the CBR will likely want to maintain its hawkish stance in Feb
  • 3x6 FRA-Mosprime spreads stand at +159bp, having risen from +66bp at the start of the new year
  • 3x6 FRA-Mosprime Spread


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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