Russian central bank hints at broad tightening

Alexei Ulyukayev, the first deputy chairman of Russia's central bank, suggested on 22 April that monetary conditions may be tightened in the near future using a range of policy tools.

Speaking about the policy response to rising inflation, Ulyakayev said that interest rates remain the central bank's "number one tool". But, he suggested, policymakers will look at a variety of complimentary tools in tackling price pressures: "We will work with them [interest rates], not ruling out possibilities