According to BitRiver financial analyst Vladislav Antonov, the strengthening of the ruble, which started a few weeks ago, received significant support from the Central Bank of Russia (CBRF) and will continue next week. “He told this to the agency.”Hit the primer.”
Last week, the ruble appreciated the dollar and euro by about 3%. This was due to various factors. The tax period that ended on October 30 was first effective in this. Secondly, the Presidential decree on the compulsory sale of export revenues came into force. The third factor was the increase in the key rate of the Bank of Russia to 15%.
The first factor will end next week, while the second will play out over the next six months and its impact has not yet been felt. Immediately after the interest rate increase, the dollar fell to 92.56.
Antonov added that further strengthening of the ruble will depend on oil prices, new sanctions and the political situation in Russia.
Rising oil prices and the absence of sanctions will play in the ruble’s favor.
Experts also named The possible consequences of the Central Bank of the Russian Federation immediately increasing the interest rate from 13 percent to 15 percent will be reflected in the exchange rate, securities market and real estate sector in the country.
Previously Governor of the Central Bank appreciated The possibility of a banking crisis in Russia.