Tougher monetary policy may be needed to reduce inflation to 4% — Bank of Russia
Summary
Stable inflation acceleration also reflected in part accumulated effects of monetary policy easing occurred earlier, the regulator noted
Perspectives
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Neutral
The Bank of Russia stated that tougher monetary policy may be required to reduce inflation to 4%. The regulator noted that stable inflation acceleration also reflected, in part, the accumulated effects of earlier monetary policy easing.
Russian official
The Bank of Russia has stated that stricter monetary policy may be required to lower inflation to 4%. The regulator noted that the current acceleration in inflation partly reflects the accumulated effects of previous monetary policy easing.
Western
The Bank of Russia stated that tougher monetary policy may be necessary to reduce inflation to 4%. The regulator noted that the current inflation acceleration also reflects the accumulated effects of earlier monetary policy easing.
Global South
The Bank of Russia stated that tougher monetary policy may be necessary to reduce inflation to 4%. The regulator noted that the current inflation acceleration partly reflects the accumulated effects of earlier monetary policy easing.
Actors involved
Sources
- TASS (Russia)(Russian State)
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