The rise in Russian inflation to 7.7% y/y in February highlights that price pressures in the economy remain strong and we think inflation is likely to increase further in the coming months. We doubt these figures are strong enough to prompt another interest rate hike from the central bank. The more likely scenario at this stage is that interest rates remain on hold at 16.00% for most of this year.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services