CBR to adjust to different positions at next meetings – Russia |
April 21. Interfax-Russia.ru – Bank of Russia Governor Elvira Nabiullina signals the future direction of monetary policy (MP):
“As the situation on the financial market emerges, as the level of inflationary pressure decreases, we began to accept the key delivery. The State Dumas make up.
Earlier this week, Nabiullina said that the Central Bank is assessing the development of the situation at the close examination of the problem of monetary policy. At the same time, it is increased that the regulator is aware of the need to ensure the affordability of resources. “We have our next meeting in a week.
The Central Bank, having decided to reduce the supply at the extraordinary composition on April 8 by 300 basis points (bp) – up to 17% per annum, admitted the possibility of developing an improvement in the key rate at the next meetings.
The next meeting of the Council of the Bank of Russia on monetary policy is scheduled for April 29. It will be macroeconomic, that is, the Central Bank differs from the press release based on the key rate, and will also publish a medium-term economic forecast and hold a press conference of the chairman. The PrEP report will be published on 11 May.