MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households rose in October to 12.8% from 12.5% in September, the central bank said in a report on Tuesday, just days before it is due to make a decision on its key interest rate.
The Bank of Russia targets inflation at 4%. A majority of analysts polled by Reuters expect the bank to hold its key rate at 7.5% on Friday, as an inflation slowdown becomes less marked and geopolitical uncertainty saps consumer demand.
The bank has said it pays close attention to household inflationary expectations when making key rate decisions.
(Reporting by Elena Fabrichnaya; Writing by Alexander Marrow)