How is Oil Driving Inflation Expectations?

Bloomberg Video

October 12 -- The Central Bank of Russia sees a higher oil price potentially opening the door to faster easing, but inflation may still overshoot 4% next year. Inflation expectation for the next 12 months, a key determinant of monetary policy, rose to 14.9 percent, after slowing to 12.6 percent the previous month, according to results of a survey published by the central bank. Bank of America Merrill Lynch Chief European Economist Gilles Moec and GLG Portfolio Manager Jon Mawby discusses the outlook for oil with Mark Barton on "Bloomberg Surveillance."