August 31, 2017 / 11:31 AM / a year ago

Russia says inflation expectations are still high

MOSCOW, Aug 31 (Reuters) - Russia’s central bank said on Thursday still high inflation expectations speak for keeping monetary policy “moderately tight.”

In a monthly report on consumer prices growth, the central bank said that inflation expectations and assessment of inflation by households were still higher than official figures.

The Federal Statistics Service said earlier this month consumer prices edged 0.2 lower in the latest week, suggesting that annual inflation stays below the central bank target of 4 percent.

The central bank would hold its next rate-setting meeting on Sept. 15 where analysts predict it will trim its key interest rate from the current level of 9 percent. (Reporting by Andrey Ostroukh; Editing by Jack Stubbs)

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