BitRiver financial analyst Vladislav Antonov said that the main task of weakening the ruble is to reduce the budget deficit: this process is controlled by the financial authorities and can be stopped if necessary. Agency reports “Hitting the Primer”.
According to him, several factors are putting pressure on the ruble at the moment – the next sanctions, the ceiling on oil and gas prices, the growth of the budget deficit, the outflow of capital and the cheaper price of oil on the world market.
In this case, he emphasized that the ruble should weaken in order to reduce the budget deficit, and officials warned about this in the summer. As expected, the strong ruble contributed to the budget deficit.
According to him, if we evaluate a deficit of approximately 2 trillion rubles, then the dollar rate must increase to 75 rubles to close the deficits.
Anatoly Aksakov, former Chairman of the State Duma Financial Market Committee declarationThe Central Bank may already reduce the key interest rate from 7.5% to 7.25% per annum at the next Board meeting on February 10, 2023.