Price Prediction
Bank of Russia Interest Rate Decision in October: 91% in Favor of No Change
The Bank of Russia’s October interest rate decision is predicted to remain unchanged, with a 91% market snapshot indicating no change in rates at the October 19 meeting. The market analysis suggests that repeated signs of cooling inflation could strengthen the case for a rate cut, but the current evidence does not support such a move. The latest consumer price index (CPI) for September is 100.06%, indicating a 0.06% weekly increase. The Bank of Russia is cautious, as the year-to-date increase of 4.81% does not provide sufficient assurance of sustained inflation cooling.