CBRT: Tight stance in monetary policy will be maintained decisively

Below are key quotes from the CBRT's monetary policy statement.

• Recent developments regarding the inflation outlook point to significant risks to price stability. 
• The Committee has decided to implement a strong monetary tightening to support price stability.
• Tight stance in monetary policy will be maintained decisively until inflation outlook displays a significant improvement.
• If needed, further monetary tightening will be delivered.
• It should be emphasized that any new data or information may lead the Committee to revise its stance.