The Bank of Russia noted that last month, seasonally adjusted inflation rose to 9.8% in annual terms. Previously, it was expected that by the end of 2024, the growth rate of prices for goods and services would be 6.5-7.0% per annum, in September the Central Bank assumed that the figure would be higher.
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The regulator also revised the inflation forecast for 2025 to 4.5-5%.
Analysts expected that today the Central Bank of the Russian Federation would raise the key rate to 20% per annum, repeating the historical maximum for this indicator. However, the Bank of Russia decided to act tougher.
Recall that the Central Bank today increased the rate to 21%. The institution did not rule out further tightening of monetary policy.
