CBRT cuts Repo Rate by 100bps to 37.00% vs exp. 36.50% (prev. 38.00%)
Importance
Level 1
- "While inflation expectations and pricing behavior are showing signs of improvement, they remain a risk factor for the disinflation process."
- "The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectations channels."
- "The magnitude of the steps is reviewed with a meeting-based and cautious approach focused on the inflation outlook. If the inflation outlook diverges significantly from the interim targets, the monetary policy stance will be tightened."
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