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Russia's inflation shock complicates rate cut hopes as central bank braces for slowdown
Russia's central bank has warned that the recent surge in inflation is spreading beyond a temporary fuel price shock, while economists have sharply raised their forecasts for inflation and interest rates, complicating Kremlin hopes for further monetary easing. (chart) The Bank of Russia released its monthly Talking Trends report on July 15, including its June inflation review, the latest What Trends Say bulletin, a macroeconomic survey and its business activity monitor. [...]