Roscongress Foundation experts believe that if the current monetary policy in Russia is maintained, the dollar exchange rate may rise to 110 rubles in the second quarter of 2024. This led to the fund’s “Prospects for the Ruble: Exchange Control or Devaluation?” stated in the report. RIA News.
According to the report, with the option of gradual controlled weakening of the ruble, which is justified within the framework of the current budget policy, the exchange rate will lose on average about 2 rubles. monthly.
“This assumes an exchange rate of around 110 rubles. The document states that a figure per dollar or below will be realized as of the second quarter of 2024.
The authors of the report believe that to change the situation, the Russian authorities and the Central Bank need to change the requirements for currency control and adjust monetary policy. It is stated that the possible implementation of repatriation of 100 percent of foreign exchange earnings in Russia could raise the ruble exchange rate “even above the budget-friendly range of 80-90 rubles.” For a dollar.”
Before that, business ombudsman Boris Titov criticized Central Bank’s decision to increase interest rates. In his opinion, the Central Bank “reacts to momentary difficulties, but does not create conditions for development.” He noted that instead of increasing interest rates, it is necessary to solve the problem of labor shortage and look for those who are ready to come to Russia and work.
September 17 financial analyst Vladislav Antonov statedHe said that the Central Bank’s increase in interest rate to 13 percent will support the ruble, but other factors will continue to put pressure on the ruble. According to him, to understand the future of the exchange rate, you need to monitor the behavior of the ruble in the region of ₽98.5 per dollar.
previously economist stated About the availability of ways to make money from the growth of the key rate.
Source: Gazeta
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