Analysts participating in the Central Bank survey revised forecasts for a number of macroeconomic indicators in Russia. According to their forecasts, the country’s GDP in 2023 could grow by 2.5% instead of 2.2% compared to the previous estimate. This was reported on the official website regulator.
Experts also raised their inflation forecasts for this year to 7% from 6.3% in September. The Central Bank’s 2023 key interest rate forecast was increased to 9.8% from 9.3% a month ago. Analysts surveyed by the Bank of Russia expect the average key interest rate in the last quarter of 2023 to be 14.2%. It is predicted that this rate will be 12.6% in 2024 and 8.2% in 2025. In addition, experts predicted that the ruble would strengthen. According to them, the average dollar exchange rate in 2024 will be 86 rubles.
Expectations that GDP will increase by 1.5% remained unchanged compared to September. Analysts increased their inflation forecasts for next year from 4.5% to 5.1%. According to analysts, inflation will reach the Central Bank’s 4 percent target in 2025.
Court of Accounts at the beginning of the week stated About the risks of the 2024-2026 draft budget.
The Central Bank had previously announced savingAfter the interest rate increase, there was a credit boom.