Respondents to the Central Bank of Russia survey in September revised their forecast for the ruble exchange rate for 2023-2025 for the worse. According to them, the cost of the dollar will average 85.5 rubles this year, 89.9 rubles in 2024 and 90.8 rubles in 2025. In this respect reported on the editor’s website.
Earlier in July, analysts had predicted that the exchange rate would be 81.8 rubles per dollar in 2023, and 85 rubles for the next two years. They also worsened their inflation forecasts: Inflation is now expected to reach 6.3% instead of 5.7% by the end of 2023.
However, analysts slightly improved their forecast for 2023 growth of the Russian economy, from 1.5% to 2.2%. According to them, the key interest rate of the Central Bank will be 9.3% on average this year and 10% next year.
Experts state that the weakening of the ruble is due to geopolitical tensions and sanctions. To stabilize the situation, the Bank of Russia increased the key rate to 12% and began accelerated foreign exchange sales. But this has not yet helped strengthen the ruble.
The day before the cause is known will lead The decision of the Central Bank of the Russian Federation to increase the sale of foreign currency
yuan before collapsed to 2007 levels