Economics
Bank of Russia Says 100 Basis-Point Hike Possible in December
- Nabiullina says Bank of Russia to mull rate move of 0-100 bps
- Inflation running double central bank’s target despite hikes
Pedestrians walk through Red Square in Moscow, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The Bank of Russia will consider an increase in its key rate of as much as 100 basis points at its next meeting on Dec. 17 as inflation continues to run at double its target, Governor Elvira Nabiullina said.