The Central Bank of the Russian Federation admitted the possibility of raising the rate in December, but did not guarantee it
The Central Bank announced a high probability of raising the key rate.
When this might happen is still unknown.
The Bank of Russia's statement emphasizes that an increase in the key rate at the next meeting is not predetermined.
It is stipulated that the probability of a rate increase remains high.
The summary also says the regulator sees a need to repeat the tough signal in September.
At the previous meeting, the Central Bank discussed the issue of immediately raising the rate to 22% in order to put pressure on inflation more effectively.
Therefore, it is necessary to repeat the tough signal that the Bank of Russia gave in September,” the summary of the discussion says.
However, during the discussion, the opinion emerged that a sharp jump in the rate would increase volatility in the financial market.
