CBRT Quarterly Inflation Report: Q3 economic activity recorded a v-shaped recovery
SourceNewsquawk
SectionOther Central Banks
- As of August, actions taken in monetary policy and liquidity led to a tightening of financial conditions
- Inflation trend for rest of 2020 is seen higher than forecasts
- The tight policy will continue until a significant improvement in inflation is seen
- Raise 2020 end inflation estimate to 12.1% vs. Prev. 8.9%
- No FX rate target
- Focus needs to be on average funding levels