At the close of the Moscow Stock Exchange on Wednesday, January 31, the dollar exchange rate reached 90.02 rubles. This has been reported Web site Sites.
It was emphasized that considering all business days when the foreign exchange buying and selling volume was high, the last transaction was completed on January 8 at the level of 90 rubles, and a similar situation was observed for the first time since the beginning of the year. 2024.
At the close on January 31, the euro exchange rate was 97.58 rubles. The last date it was of similar value was January 10.
Maxim Petronevich, formerly head of the Center for Macroeconomic Analysis of Rosselkhozbank statedHe stated that the slowdown in consumer price growth in Russia to 1.11% and 0.73%, respectively, in November-December 2023 constitutes the prerequisites for completing the interest rate increase cycle of the Central Bank of Russia.
According to him, at the next meeting on February 16, the regulator will most likely leave the interest rate unchanged at 16% per annum. However, the slowdown in inflation makes it possible to cut interest rates earlier than the previously expected end-2024 target.
Formerly Central Bank of the Russian Federation raised key rate up to 16%.