Russian inflation expectations rise to 14.2% in December -c.bank

Inflationary expectations for year ahead among Russian households rose to 14.2% in December from 12.2% in vember, central bank said on Monday.

Bank of Russia raised its key interest rate by 100 basis points to 16% on Friday, hiking borrowing costs for fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was w close to completion.