The transition to easing monetary policy in Russia will not happen earlier than mid-2025. RBC – said Taras Skvortsov, Senior Vice President of Sberbank. According to him, the financial institution foresees the first reduction of the key interest rate in the second quarter of next year.
“We do not expect a rate cut this year. Our calculations suggest that the first reduction will not occur before the second quarter of 2025,” Skvortsov said.
The top manager did not rule out the possibility of further tightening of monetary policy in the near future. He noted that there is a possibility of raising the key rate to 20%, citing statements by the Central Bank of the Russian Federation that it is ready to consider such a scenario.
Skvortsov stressed that there is a possibility of raising the key interest rate to 20%. He noted that the Central Bank made it clear in its message that it was ready to consider such a possibility.
The other day at the Central Bank discussed There was a possibility of raising the interest rate to 20% against the long-term inflation increase, but there were not enough arguments in favor of such a decision. Some participants in the discussion suggested raising the rate to 18%, taking into account the impact of temporary factors and the tightening of credit conditions.
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Source: Gazeta
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