National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022.
On Friday, it gave hawkish guidance that it would consider further rate increases at upcoming meetings and said inflationary risks remained significant.
The central bank adjusted its year-end forecast for inflation to 6.0-7.0% from 5.0-6.5%.
"Russia's central bank is a hawkish institution that takes its commitment to inflation fighting seriously," said Senior Emerging Markets Economist Liam Peach.
Central Bank Governor Elvira Nabiullina will shed more light on the bank's forecasts and policy in a media briefing at 1200 GMT.
Persons:
Maxim Shemetov, jacking, Liam Peach, Central Bank Governor Elvira Nabiullina, Alexander Marrow, Elena Fabrichnaya, Darya Korsunskaya, Maria Kiselyova, Amruta Khandekar, Andrew Osborn, William Maclean, Catherine Evans
Organizations:
Russian Central Bank, REUTERS, Kremlin, Capital Economics, Central Bank Governor, Thomson
Locations:
Moscow, Russia, Russian, Ukraine MOSCOW, Ukraine, London