MOSCOW, Feb 27 (Reuters) - Inflationary expectations for
the year ahead among Russian households edged up in February to
12.2% from 11.6% in January, the central bank said on Monday.
The central bank targets inflation at 4%, which it aims to
achieve by 2024. It has forecast inflation will fall to 5-7%
this year.
The Bank of Russia gave a hawkish signal earlier this month,
warning that further widening of the budget deficit may compel
it to raise interest rates from their current level of 7.5%.
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Hawkish Russian central bank warns of deficit threat as it holds
rates ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Caleb Davis and Elena Fabrichnaya; Writing by
Alexander Marrow; Editing by Kevin Liffey)
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