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Home International Customs

Russian central bank: inflation expectations rose in May

byCT Report
30/05/2017
in International Customs
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MOSCOW: The Russian central bank said on Monday that inflation expectations among households started rising again in May. The share of respondents in a poll who think that 2017 inflation will significantly exceed 4 percent rose to 59 percent in May, up from an all-time low of 55 percent seen in April, the central bank said. Higher inflation expectations usually limit room for rate cuts as the central bank has shown a strong commitment to bring inflation down to a post-Soviet low of 4 percent and keep it close to that level.

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