Emerging Europe Economics

Emerging Europe Data Response

5 December, 2017

Russia CPI (Nov.)

The decline in Russian inflation to just 2.5% y/y last month means the central bank is now all but certain to continue its easing cycle next week. We expect a 25bp cut to 8.00%. Inflation has probably reached a trough, but we think it will remain below the central bank’s 4% target over the course of next year.

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