Russian Households Lower One-Year Inflation Outlook in February, Easing Path for Further Rate Reductions
Household expectations for inflation over the next year declined to 13.1% in February from 13.7% in January, central bank data show. Analysts say the drop, following a VAT-driven price spike at the start of the year, increases scope for additional monetary easing after the central bank trimmed its key rate by 50 basis points to 15.5%. Community dou…