Page 76 - RusRPTMar23

In its Monetary Policy Report the CBR left its end-2023 inflation forecast unchanged at 5-7% y/y.
But the CBR clearly takes its commitment to fighting inflation seriously and its forward guidance said that “if pro-inflation risks intensify, the Bank of Russia will consider the necessity of key rate increase at its upcoming meetings”.
76 RUSSIA Country Report March 2023 www.intellinews.com