Russians' inflationary expectations edge up in October

Russians' inflationary expectations edge up in October

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%. The bank has said it pays close attention to household inflationary expectations when making key rate decisions.

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