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Below are key quotes from the CBRT’s monetary policy statement.

  • Recent developments regarding the inflation outlook point to significant risks to price stability.  
  • The Committee has decided to implement a strong monetary tightening to support price stability.
  • Tight stance in monetary policy will be maintained decisively until inflation outlook displays a significant improvement.
  • If needed, further monetary tightening will be delivered.
  • It should be emphasized that any new data or information may lead the Committee to revise its stance.
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