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MOSCOW: Inflation in Russia is likely to accelerate towards the central bank's target of four percent sooner than previously expected due to a recent spike in rouble volatility, the central bank said on Friday.

A pick-up in inflation reduces room for rate cuts this year, something the central bank has already admitted would come slower than previously expected after a recent round of rouble weakness sparked by US sanctions.

Copyright Reuters, 2018
 

 

 

 

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