Russian household inflation expectations drop in February paving way for further interest rate cuts

Russian household inflation expectations fell to 13.1 percent this month. The decline suggests price growth is stabilizing and allows for further rate cuts.

Russian households in Russia RURU have reduced their inflation expectations to 13.1% in February, down from 13.7% in January, according to data released by the central bank. This decline has reduced perceived inflation persistence and increased the scope for the central bank to pursue further cuts to its policy rate, suggesting that the recent spike in prices is seen as transitory.
A customer shops for dairy products at a supermarket in Saint Petersburg, Russia, June 28, 2024. REUTERS/Anton Vaganov
A customer shops for dairy products at a supermarket in Saint Petersburg, Russia, June 28, 2024. REUTERS/Anton Vaganov
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