Weaker rouble may spur inflationary expectations

MOSCOW: The Russian central bank said on Friday the rouble volatility sparked by the recent round of US sanctions could lead to a temporary increase in inflationary expectations among households.

The central bank also said in a monthly report that inflationary expectations among housheholds declined to an all-time low of 7.8 percent in April.

The central bank noted they survey on inflationary expectations was carried out in the week to April 9, before the US sanctions pushed the rouble to its weakest levels since 2016.