MOSCOW (Reuters) – Analysts polled by Russia’s central financial institution count on year-end inflation at 7.3%, the financial institution stated on Wednesday, properly above the 4% goal and simply shy of the 7.4% studying for 2023.
Hovering inflation has pressured the central financial institution, which can maintain a rate-setting assembly on Sept. 13, to hike its key rate of interest to 18%.
The analysts forecast the typical key fee for September-December at 19%, the financial institution stated, suggesting one other hike will come earlier than the yr is out.
