Macro Analysis /
Russia

ALFA Macro Insights: CBR maintains a hawkish bias

  • The CBR delivered a strong 100 bp rate hike to 6.5%

  • The CBR release remains very focused on inflationary risks

  • 2021 inflation forecast of 5.7-6.2% is very optimistic

Natalia Orlova
Natalia Orlova

Chief Economist

Alfa
26 July 2021
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