6% Inflation? Russia’s Central Bank Could Be So Lucky

6% Inflation? Russia’s Central Bank Could Be So Lucky

(Bloomberg) -- Inflation has breached the Bank of Russia’s 4 percent target and is set to surge -- Bloomberg Economics expects a peak just above 6 percent in March. Risks skew toward even sharper acceleration. The central bank can leave its key rate unchanged through 2019, but policy makers will have little tolerance for surprises.

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