Macro Analysis /
Russia

Russia Macro Insights: Rate policy – Cautious release, hawkish press conference

  • The CBR raised its key policy rate by 25bp to 6.75%, in line with our expectation

  • The CBR governor came with hawkish wording at her press conference

  • The CBR communication reflects substantial uncertainty

Natalia Orlova
Natalia Orlova

Chief Economist

Alfa
13 September 2021
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