Russia’s central bank says inflationary expectations edge up in October
2022.10.25 11:06
© Reuters. Local resident Maria Komissarova, 29, holds Russian rouble coins and a 50-rouble banknote as she buys food at a supermarket in the Siberian town of Tara in the Omsk region, Russia, December 14, 2021. REUTERS/Alexey Malgavko/Files
MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households rose in October to 12.8% from 12.5% in September, the central bank said in a report on Tuesday, just days before it is due to make a decision on its key interest rate.
The Bank of Russia targets inflation at 4%. A majority of analysts polled by Reuters expect the bank to hold its key rate at 7.5% on Friday, as an inflation slowdown becomes less marked and geopolitical uncertainty saps consumer demand.
The bank has said it pays close attention to household inflationary expectations when making key rate decisions.
