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Federal Economists Adjust Growth Forecast Amid Rising Oil Prices and Diminished Inflation Expectations in Russia
Federal economists have revised their growth forecasts downward, citing a recent surge in oil prices that has begun to weigh on economic momentum, with a three-month rate of change (roc_n3) now at 0.0399.
This shift in outlook comes as inflation expectations in Russia have notably decreased, prompting analysts to anticipate a potential reduction in the Central Bank's interest rate. Currently, the adjusted sentiment score in the market stands at 79, indicating a strong sentiment of 'Greed' among investors, while the topic coverage also reflects this heightened focus at 79.
The interplay between rising energy costs and easing inflationary pressures is likely to shape monetary policy decisions, as the Central Bank may look to stimulate growth in a challenging environment.