The Bank of Russia’s 2 percentage point hike in its key interest rate immediately strengthened the ruble, but the delayed effect may appear towards the end of winter. This forecast was given by stock market expert “BCS World of Investments” Evgeniy Mironyuk in a conversation with the agency. “Hit the primer”.
According to him, the reaction of the ruble to the fourth increase in the interest rate is quite significant, since the exchange rate of the Russian currency has strengthened well, breaking the previously recorded level of 93-93.3 rubles per dollar. becomes more attractive for investors.
“I maintain the forecast of 90-100 rubles per dollar by the end of the year,” the stock expert said.
Mironyuk believes that with such measures the financier wants to stabilize inflation, reduce volatility and speculative interest among those who play against the ruble.
He predicted, “The delayed effect of the increases will emerge; imports, demand and loans will decrease.”
Before that RANEPA St. Dmitry Desyatnichenko, Associate Professor of the Department of Economics in St. Petersburg saidWhat can be expected from increasing the key interest rate to 15%?
Previously Nabiullina reportedHe said the Central Bank was ready to raise interest rates with “concrete steps” to return inflation to 4 percent.