Bank of Russia says fourth-quarter inflation may reach 7.1-7.6%.

That overshoots its own 6-7% estimate while the key rate stands at 14%, as of 3 November.

The bank raised its 2027-28 key rate path to return inflation to 4% in 2027, Russian state news agency TASS reported.

The bank forecasts 4% inflation in the fourth quarters of 2027, 2028 and 2029.

How each outlet framed it
TASS
reports the regulator's raised 2027-28 key rate path and 7.1-7.6% Q4 inflation forecast, above its prior 6-7% estimate

Sources: TASS