Russian households’ anticipated inflation for the upcoming year decreased slightly in December from 12.2% in November to 12.1%, according to a survey released by the central bank on Wednesday, just two days before its rate-setting meeting.
The Bank of Russia will keep interest rates at 7.5% at its final meeting of the year on Friday, according to all 23 analysts and economists surveyed by Reuters, as inflation continues to decline and to analyze any potential economic effects of the oil price cap and embargo.