Economics
Russian Hikes Coming as Morgan Stanley Joins Chorus
- Nabiullina seen giving signal on future tightening on Friday
- Bank of Russia could be among first EM policy makers to hike
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Pressure is building on Russian central bank Governor Elvira Nabiullina to fire the starting gun on tighter monetary policy.
The country’s first rate hike in more than two years likely won’t come at Friday’s meeting. But soaring food prices and a currency weakened by the threat of international sanctions have driven inflation to the fastest pace in four years, putting Nabiullina in line to become one of the first central bankers globally to tighten in the months ahead.