The Central Bank will have the opportunity to cut interest rates in the middle of 2025. Then inflation will slow down steadily towards the target of 4%. This forecast was given to socialbites.ca by Mikhail Vasiliev, chief analyst at Sovcombank.
According to his assessment, the key rate will fall rather slowly. The analyst assumed that by the end of 2025 the key rate will be 14%, but the risks are shifting towards higher values.
Vasiliev believes that at the next meeting on October 25, the Central Bank will raise the key interest rate to 20% for the third time this year.
“In a risk scenario, we assume that if inflation is above 8% by the end of this year, the Central Bank of Russia may raise interest rates to 21-22% in the coming months. Borrowers should be prepared for the fact that money in the economy will remain expensive for a long time and will probably become even more expensive,” the analyst stressed.
September 13 Central Bank raised Due to high inflation and demand, the key rate was lowered from 18% to 19%. What will happen to deposits, loans and rubles? material .
Previously reported The ruble is seen strengthening after the key rate hike.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.