{"id":2018,"date":"2023-10-19T12:20:51","date_gmt":"2023-10-19T12:20:51","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/russia-may-need-tighter-policy-to-bring-inflation-to-target-c-bank-analysts\/"},"modified":"2023-10-19T12:20:51","modified_gmt":"2023-10-19T12:20:51","slug":"russia-may-need-tighter-policy-to-bring-inflation-to-target-c-bank-analysts","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=2018","title":{"rendered":"Russia may need tighter policy to bring inflation to target -c. bank analysts"},"content":{"rendered":"
\n

MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy tightening, according to a review by central bank analysts published on Tuesday.<\/p>\n

In September, annual inflation rose to 6.0% from 5.2% in August, boosted in part by the weakness of the rouble. As of Oct. 9, it stood at 6.3%.<\/p>\n

While the economy ministry forecasts 2.3% growth next year, the Bank of Russia’s forecast range is 0.5-1.5%, in line with International Monetary Fund expectations.<\/p>\n

“The return of inflation to target under stimulative fiscal policy in 2024 may require additional tightening of monetary policy,” the central bank analysts said.<\/p>\n

The bank has already said that a policy meeting on Oct. 27 will discuss the possibility of a further hike in its key lending rate from the current level of 13%.<\/p>\n

The hikes agreed in July-September have not yet led to a slowdown in inflation, but will do so in the coming months, the analysts said.<\/p>\n

According to the bank, the Russian economy gained momentum in September, partly due to an increase in exporters’ rouble revenues as the rouble weakened.<\/p>\n

Economists have said soaring military spending may help Russia’s economy in the short-term, but that its long-term prospects are bleak, especially as areas like schools and healthcare face effective spending freezes in the years ahead. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy tightening, according to a review by central bank analysts published on Tuesday. In September, annual inflation rose to 6.0% from 5.2% in August, boosted in part by the weakness of the rouble. As of Oct. 9, it stood at 6.3%. While the economy ministry forecasts 2.3% growth next year, the Bank of Russia’s forecast range is 0.5-1.5%, in line with International Monetary Fund expectations. “The return of inflation to target under stimulative fiscal policy in 2024 may<\/p>\n","protected":false},"author":1,"featured_media":624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-2018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nRussia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=2018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund\" \/>\n<meta property=\"og:description\" content=\"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/connectwithfund.com\/?p=2018\" \/>\n<meta property=\"og:site_name\" content=\"ConnectWithFund\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T12:20:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/indicatornews_1_800x533_L_1413124982.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/connectwithfund.com\/?p=2018\",\"url\":\"https:\/\/connectwithfund.com\/?p=2018\",\"name\":\"Russia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund\",\"isPartOf\":{\"@id\":\"https:\/\/connectwithfund.com\/#website\"},\"datePublished\":\"2023-10-19T12:20:51+00:00\",\"dateModified\":\"2023-10-19T12:20:51+00:00\",\"author\":{\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\"},\"description\":\"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy\",\"breadcrumb\":{\"@id\":\"https:\/\/connectwithfund.com\/?p=2018#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/connectwithfund.com\/?p=2018\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/connectwithfund.com\/?p=2018#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/connectwithfund.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Russia may need tighter policy to bring inflation to target -c. bank analysts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/connectwithfund.com\/#website\",\"url\":\"https:\/\/connectwithfund.com\/\",\"name\":\"FinMarkPros\",\"description\":\"Latest Finance News and Updates\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/connectwithfund.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/connectwithfund.com\"],\"url\":\"https:\/\/connectwithfund.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Russia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund","description":"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/connectwithfund.com\/?p=2018","og_locale":"en_US","og_type":"article","og_title":"Russia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund","og_description":"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy","og_url":"https:\/\/connectwithfund.com\/?p=2018","og_site_name":"ConnectWithFund","article_published_time":"2023-10-19T12:20:51+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/connectwithfund.com\/wp-content\/uploads\/2023\/10\/indicatornews_1_800x533_L_1413124982.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/connectwithfund.com\/?p=2018","url":"https:\/\/connectwithfund.com\/?p=2018","name":"Russia may need tighter policy to bring inflation to target -c. bank analysts | ConnectWithFund","isPartOf":{"@id":"https:\/\/connectwithfund.com\/#website"},"datePublished":"2023-10-19T12:20:51+00:00","dateModified":"2023-10-19T12:20:51+00:00","author":{"@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52"},"description":"MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank\u2019s 4% target may require additional monetary policy","breadcrumb":{"@id":"https:\/\/connectwithfund.com\/?p=2018#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/connectwithfund.com\/?p=2018"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/connectwithfund.com\/?p=2018#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/connectwithfund.com\/"},{"@type":"ListItem","position":2,"name":"Russia may need tighter policy to bring inflation to target -c. bank analysts"}]},{"@type":"WebSite","@id":"https:\/\/connectwithfund.com\/#website","url":"https:\/\/connectwithfund.com\/","name":"FinMarkPros","description":"Latest Finance News and Updates","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/connectwithfund.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/9344cb2de07361e178f5c834d2167e52","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/connectwithfund.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3740b286006c76c86a45c4879850da000667bb6f5bbe053edd4a416d2cc4fb80?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/connectwithfund.com"],"url":"https:\/\/connectwithfund.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/2018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2018"}],"version-history":[{"count":1,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/2018\/revisions"}],"predecessor-version":[{"id":2019,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/posts\/2018\/revisions\/2019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=\/wp\/v2\/media\/624"}],"wp:attachment":[{"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/connectwithfund.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}