Inflation in Russia

Inflation in Russia nears six-year peak

Russia’s annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ahead of a central bank meeting where it is expected to raise rates to rein in stubbornly rising consumer prices, economy ministry data showed on …

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Russia raises 2021 inflation forecast to 7.4%

Russia has raised its 2021 inflation forecast to 7.4% from 5.8%, the economy minister said on Tuesday, adding to pressure on the central bank to raise interest rates for the sixth time this year at its rate-setting meeting next week. …

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Nabiullina expects long-term inflation in Russia

The head of the Bank of Russia Elvira Nabiullina believes that inflation in Russia will be a long-term phenomenon. She expressed this opinion in an interview with the Financial Times. “We had a very long period of high inflation …

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Putin on stability in Russia

Russian President Vladimir Putin said that macroeconomic stability is provided in Russia. "Macroeconomic stability is provided in Russia. Industrial production growth was 3% last year. Unemployment (4.6%) and …

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Causes of Russia's ultra-low inflation revealed

Russia's Ministry of Economic Development published a monitoring survey entitled 'The picture of lending'. According to which, the total loan offer remains low (4% of GDP over the past 12 months), and banks have responded to a …

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Oreshikin sees inflation slowdown in Russia

Russia's inflation would be close to 3% by the end of the year, the county's Economic Development Minister Maxim Oreshkin said during the Russia Calling! business forum. "We see that this …

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Russia's Central Bank to cut key rate to 5%?

Assistant to the Russian president Andrei Belousov believes that potential for further easing of the Russian Central Bank's monetary policy after several consecutive cuts in the key rate remains quite high. According to him, …

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