CBRT Minutes (Jan): The underlying trend of inflation declined in December; "While leading indicators suggest that monthly consumer inflation has firmed in January, led by food prices, the rise in the underlying trend of inflation is limited."
Importance
Level 1
- "The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels"
- "Monetary policy stance will be tightened in case of a significant deviation in inflation outlook from the interim targets."
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