Dmitry Mikheev, asset manager of investment company Cresco Finance, says that if inflation does not slow down in the near future, the Central Bank will continue to increase interest rates. Moreover, the ruble will continue to weaken. stated He’s in the press room of the Public News Service.
Mikheev reminded that in the basic scenario, the Central Bank assumes that inflation will be 5-6.5% by the end of the year.
“We now see that inflation is on the threshold of 7.25 percent. “I think the Central Bank is waiting for these figures,” he said. “The Central Bank has only one way to fight inflation; increase the interest rate.”
According to the expert, taking into account the inflation rate and economic growth, the regulator will increase this rate to 16%.
Additionally, Mikheev suggested that the ruble will continue to weaken in the near future. He stated that so far it has not been possible to reduce the consumption level of Russians by increasing credit costs, which negatively affects the stability of inflation.
Let us also remember what BCS World of Investments analyst Anatoly Trifonov said. believesHe said that the Central Bank will increase the interest rate by 100 basis points to 16% annually at the meeting on December 15.
Central Bank Governor Elvira Nabiullina previously statedIt is predicted that in 2024 the regulator will be able to return inflation to its 4 percent target, after which the key interest rate will start to fall.