Bank of Russia Deputy Governor Zabotkin said that the Bank of Russia may raise the target interest rate again at the next meeting to be held on October 25. The current interest rate is 19%, the highest level since April 2022. Zabotkin also said that the September data showed that the inflation rate was still high and there was no sign of slowing down. Russia's consumer price index rose 0.48% in September compared to the previous month, and increased 0.2% in August. The inflation rate in September was 8.63% year over year.

Bank of Russia Deputy Governor Zabotkin said that the Bank of Russia may raise the target interest rate again at the next meeting to be held on October 25. The current interest rate is 19%, the highest level since April 2022. Zabotkin also said that the September data showed that the inflation rate was still high and there was no sign of slowing down. Russia's consumer price index rose 0.48% in September compared to the previous month, and increased 0.2% in August. The inflation rate in September was 8.63% year over year.