Leading Russian economists expect inflation in Russia to exceed the central bank's estimate for this year, increasing the likelihood of another aggressive benchmark interest rate hike next month. Consumer prices rose by 0.

The bank’s policy committee left the benchmark interest rate at 50%.

Turkey's central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to inflation risks, while analysts said its comments opened the way for a possible rate cut next month.

The Turkish central bank left its benchmark interest rate unchanged for an eighth month, but implied slowing inflation could soon justify a cut.

The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner,