Emerging Europe Economics

Emerging Europe Data Response

6 December, 2018

Russia CPI (Nov.)

The rise in Russian inflation, to 3.8% y/y in November, from 3.5% y/y in October, was driven entirely by higher food inflation. As a result, while the central bank Board meeting next Friday will be a close call, we think policymakers will refrain from hiking rates again and keep rates unchanged instead.

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