CBR’s key rate set to rise in 2021

Globally, monetary policy may start to get tighter at the end of 3Q21. In the next 2-4 months, we do not expect significant changes in the policy of world central banks – regulators will continue to pacify the markets, including through the downplaying of inflation risks. However, by the end of 2Q21 and into 2H21, the situation may change noticeably.