What is the inflation rate in Russia in 2024?
In the case of the Risk scenario, inflation will speed up to 11–13% in 2024 due to more severe supply shocks and a weaker ruble. To prevent inflation from spiralling out of control, the Bank of Russia will be forced to considerably tighten its monetary policy, with the key rate averaging 16.0–17.0% per annum in 2024.Nov 2, 2023
My comment the Russians have nowhere to go to tighten their money supply. The army demands the treasury print.