OREANDA-NEWS. The September poll by inFOM, commissioned by the Bank of Russia, showed a marked decline in the share of respondents who expect inflation to accelerate.

At the same time, the invariably high expectations for price growth bear out that proinflationary risks persist, supporting the case for the conduct of a moderately tight monetary policy.

Real interest rates being positive, September saw a stronger propensity to save as the share of respondents who would have saved up if they had a spare amount of money was an all-time high.

Overall, the respondents are more optimistic over both personal financial standing and the national economic outlook, for the next year and over a five-year horizon. They hope that industrial output and the living standard are set to grow next year, while unemployment will decline.