Russia-2022: Macro Stability to Be Prioritized
... were amply revealed in the course of 2021 – including the energy crisis/shortages, further waves of the pandemic and changes in the tax regime. Nevertheless, there may be important drivers for Russia’s markets in the coming year, with the overall macroeconomic backdrop expected to demonstrate decent growth and inflation declining starting from the second quarter. On the back of a moderation in inflationary pressures the CBR is likely to start lowering its key rate in the second half of next year,...
11.02.2022
