Today’s decision by the Central Bank of Russia (CBR) to keep its key interest rates unchanged suggests that inflation concerns have slipped down the government’s list of priorities over the past few weeks. But the decision to hike reserve requirements means that monetary policy has still tightened. Further hikes in RRRs and key interest rates remain likely this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services