Says for the next monetary policy decisions the board will monitor thoroughly the behaviour of inflationary pressures and factors impacting foreseen path for inflation and its expectations.
Says given the growing complexity in the environment for inflation and its expectations, taking more forceful measures to attain the inflation target may be considered. Says in view of greater-than-anticipated pressures on inflation, forecasts for headline and core inflation were revised upwards up to the second and third quarters of 2023.Says the balance of risks for the trajectory of inflation within the forecast horizon remains biased to the upside and continues deteriorating.
Says in addition to shocks that have affected inflation throughout the pandemic, now there are pressures associated with geopolitical conflict and strict lockdown measures recently imposed by China.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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