Among the reasons contributing to the growth of inflation, there is an overheating of the economy and a gap in the supply and demand of goods and services, unfavorable foreign trade conditions, a further increase in inflation expectations and an increase in budget deficits. New pro-inflationary factors were noted, including the growth of a number of regulated tariffs and recycling.
Photo: ru.freepik.com
It is noted that at the meeting of the Board of Directors, the majority supported the decision to raise the rate by 200 basis points at once - up to 21%. And a "hard" signal was given about its likely further increase.
The final meeting of the Bank of Russia on the key rate this year will be held on December 20.
We recently wrote about the dynamics of the average deposit rate in commercial banks.
