- Annual inflation at 9.4% as of Dec 8, CPI driven by ruble and sanctions
- Will continue to increase rates if CPI accelerates
- GDP seen at 0.6% this year, near zero for 2015/16, may recover slightly in 2017
- Consumer activity seen weak in 2015/16
The squeeze on Russia continues and the central bank is in full fire fighting mode
CBR interest rate 11 12 2014
USD/RUB daily chart 11 12 2014
