Economy

Russia’s central Bank says October saw an increase in inflationary expectations By Stocksak


© Stocksak. Maria Komissarova, a local resident, holds Russian rouble coin and a 50-rouble note as she purchases food at a supermarket, in Tara in Siberia, Russia, December 14, 2020. REUTERS/Alexey Malgavko/Files

MOSCOW, Stocksak – Inflation expectations for the year ahead by Russian households rose in October, to 12.8%, from 12.5% in Sept, according to the central bank in a report. This is just days before it makes a decision about its key interest rate.

The Bank of Russia aims to keep inflation at 4% Stocksak polled a majority of analysts and they expect the bank will hold its key rate at 7.5% Friday as inflation slows down and geopolitical uncertainty saps consumers demand.

The bank said that it pays close attention when making key rate decisions to household inflationary expectations.

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