Due to the turmoil in the foreign exchange market, the Bank of Russia lifted on the 16th of December the key interest … at 2.6% (0.5% in December 2013 ), up 1.3 p.p. above the value seen in November. As a result, inflation went up to 11 …

At its Board of Directors meeting in June, the Bank of Russia raised the key rate for the third time since the … beginning of the year, by 0.5 p.p. to 5.5% per annum. This decision was caused by an accelerated inflation triggered by reviving … results of May 2021, inflation in annual terms reached 6% and, according to our estimates, its yearend index year will be at …

-year ahead expected inflation rate increased 0.3 percentage points to 16.7%, reaching the highest value since February 2015 when … the median one-year ahead expected inflation rate was driven up to 18.1% by the ruble's devaluation in late 2014/early … Russia nor panic sentiments of economic agents. We do not anticipate the ruble to depreciate considerably unless new shocks …