MOSCOW (Reuters) – Russian households’ inflation expectations for the year ahead climbed to 10 .2% in July to 10. 1% The central bank said on Monday, just days before it was widely expected to raise its key interest rate from 7.5%.
Russia’s central bank will raise interest rates to 8% at its meeting on Friday, a Reuters poll showed on Monday, as a sharp fall in the ruble adds to inflationary pressures. , borrowing costs increased for the first time in more than a year.
The central bank’s inflation target is 4%, and plans to achieve it next year. Inflation is expected to fall to 4.5%-6.5% this year.