❗️Russia has begun to prepare for a key rate above 20%
The traditional forecast from the Central Bank of the Russian Federation indicates the readiness of most analysts to increase the key rate above 20% per annum, writes Kommersant.
The revision of forecasts is due to the worsening situation with observed inflation. In September, monthly inflation accelerated to 9.8% from 7.5% in August. Also observed inflation rose to its highest level since January – 15.3%, which may require the regulator to tighten monetary policy.
Price expectations of retail enterprises correspond to price growth by 10% in the next two to three months. The market indicates readiness for a key rate of 22% in the first quarter of 2025.
