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The Bank of Russia raises the key rate by 0.25 pp to 7.50%

Today, the Bank of Russia Board of Directors decided to raise the key rate by 0.25 pp to 7.50% per annum. Changes in external conditions observed since the previous meeting of the Board of Directors have significantly increased proinflationary risks. The Bank of Russia forecasts annual inflation to be 5-5.5% in 2019 and return to 4% in 2020. This forecast takes into account the decisions taken with regard to the key rate and to the suspension of foreign currency purchases in the domestic market under the fiscal rule. The Bank of Russia will consider the necessity of further increases in the key rate, taking into account inflation and economic dynamics against the forecast, as well as risks posed by external conditions and the reaction of financial markets.

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02:30 15.11.2018
Schedule for today, Thursday, November 15, 2018
Time Country Event Period Previous value Forecast 00:30 Australia Changing the number of employed
23:50 14.11.2018
Schedule for tomorrow, Thursday, November 15, 2018
Time Country Event Period Previous value Forecast 00:30 Australia Changing the number of employed
16:34 14.11.2018
U.S CPI rose 0.3% in October, as expected
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October on a seasonally adjusted basis after rising 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.5 percent before seasonal adjustment.An increase in the gasoline index was responsible for over one-third of the seasonally adjusted increase in the all items index; advances in the indexes for shelter, used cars and trucks, and
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