A slew of comments from policymakers at Poland’s central bank (the NBP) this week suggest that the probability of the central bank delivering a rate hike before the end of this year has increased. Elsewhere, remarks from the Russian central bank (the CBR) governor in an interview with The Financial Times reinforce the point that policymakers there will do all they can to reduce inflation expectations. This supports our view that the CBR is likely to deliver another 75bp of hikes by the end of this year.
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