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Economic Update

The MPC hikes the CBR from 7.50% to 8.25%
The Monetary Policy Committee (MPC) met on 29th September 2022 against a backdrop of significant 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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