Behind the rate curve?
The CBRT’s rate hike exceeded market expectations.
But was it enough?
In general, people resort to s mple Taylor Rule computat ons n order to assess wh ch central bank s most ‘beh nd the curve’. They can be tr cky though by be ng decept vely s mple.
In order to assess th s rather bold cla m, there s lots of work to do. Nonetheless, let us be ‘phenomenolog cal’, or rather crudely emp r cal and observe the pr ma fac e ev dence only.