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Goldman, JPMorgan Split Over Russian Rate Hike in Coin-Toss Call.
In: Bloomberg.com, 2024-06-07, S. N.PAG
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Economists are divided over whether the Bank of Russia will raise its interest rate as the country's war in Ukraine continues to impact the economy and fuel inflation. Some analysts, including JPMorgan Chase and HSBC, expect the central bank to keep the rate unchanged at 16%, while others, such as Goldman Sachs, Barclays, and Bloomberg Economics, predict a hike to 17%. The decision is complicated by factors such as domestic demand, inflationary pressure, and the impact of the high key rate on the economy. The central bank's statements have become more hawkish due to rising government spending, economic growth, and price increases. However, there are indications that rate-setters may be willing to wait and monitor the situation before making a decision. Inflation in Russia has surged in recent months, exceeding the central bank's target of 4%, which could further increase inflation expectations. The central bank will consider all available data before making a decision on the interest rate hike. [Extracted from the article]
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Goldman, JPMorgan Split Over Russian Rate Hike in Coin-Toss Call.
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Zeitschrift: | Bloomberg.com, 2024-06-07, S. N.PAG |
Veröffentlichung: | 2024 |
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