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  1. Macroeconomics in Russia

    ... prices were the largest contributor to inflation in August–October. Inflation in October hit the highest for this month since 2007. A smaller wheat harvest had a negative impact on agricultural production. "–" At the end of October, the Bank of Russia raised its key rate by a staggering 75 bps to 7.5%. Market participants clearly expect the Bank of Russia to announce a further rate hike at its next meeting, given the weekly inflation rates and the regulator’s statements about possible ...