He said the Russian ruble was under “serious pressure” due to sanctions, geopolitical tensions and economic problems “Hit the primer” BitRiver financial analyst Vladislav Antonov.
“The Central Bank and the government are actively looking for tools to stabilize the situation, but their current measures are predominantly reactive,” the expert said.
He admitted that the rate was “tested” at the level of 111-113 rubles. It may become a critical area for additional measures to be taken by the Central Bank to stabilize the exchange rate. According to Antonov, at the December meeting of the regulatory body, the interest rate may reach 23-25%, which will create an additional burden on the real sector of the economy. (industry producing tangible and intangible goods and services; financial, credit and foreign exchange transactions do not apply to them).
Recent events in the Russian foreign exchange market, where the dollar exceeded 114 rubles and the euro exceeded 120 rubles, cannot be taken into account the beginning of the financial crisis. socialbites.ca was told about this by the first deputy chairman of the State Duma Financial Market Committee, Konstantin Bakharev, former head of the Central Bank Sergei Dubinin and economists. Experts explained that any crisis is accompanied by the destruction of banks, their closure and dismissal of staff, as well as withdrawals of money from depositors’ accounts. At the same time, analysts expect a three to six-month increase in prices, but urge Russians not to panic.
Formerly in the State Duma accused Immigrants in the growth of the dollar.
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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.