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Economic Update

The MPC hikes the CBR from 8.25% to 8.75%
The Monetary Policy Committee (MPC) met on 23rd November 2022 against a backdrop of continued global uncertainties, volatile financial markets, a weaker growth outlook, persistent inflationary pressures, geopolitical tensions, lingering effects of the Covid-19 pandemic, and measures taken by authorities around the world in response to these developments.

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