The big fall of the ruble in November could accelerate inflation more than Putin’s forecast, said Dmitry Pyanov, Deputy Chairman of VTB.
According to him, a 10% increase in the exchange rate adds more than 2 percentage points to inflation.
The big fall of the ruble in November could accelerate inflation more than Putin’s forecast, said Dmitry Pyanov, Deputy Chairman of VTB.
According to him, a 10% increase in the exchange rate adds more than 2 percentage points to inflation.