Russian inflation rose to 3.6% y/y in August and we think that it will edge up a bit further over the coming months. This shouldn’t trouble the central bank too much, but the threat of sanctions and weakness in the ruble will prompt a more cautious approach from policymakers. Financial markets think that the easing cycle is now over, but we maintain our view for the policy rate to be lowered to 3.50% in 2021.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services