At the Board of Directors meeting on April 25, the Russian Bank will decide to maintain the key rate of 21% for the fourth time in a row. Is writing “Vedomosti” newspaper interviewing 21 analysts.
According to the newspaper, only one of all analysts admitted that Bet could be reduced to 20%. The rest suggests not to expect a change in the bet, indicating that inflation does not slow down sufficiently and does not allow the regulator’s comments to be prepared for the softening of monetary policy (DCP). On the contrary, the possibility of further squeezing has not yet left the rhetoric.
In the second half of March, the chief analyst of Sovcombank Mikhail Vasiliev said that the average key rate in 2025 would be 18.4%. At the end of 2025, the analyst expects to reduce the key rate to 14%. According to the expert, annual inflation will decrease from 10.2% to 6.3% by the end of the year.
Vasiliev stressed that the geopolitical factor remains the main factor for uncertainty for estimating. The analyst has announced that if there will be real progress in the negotiations of the Russian Federation and the abolition of sanctions, the ruble may be much stronger than existing values, inflation lower and a key rate to go faster. Expert, the average key rate in this scenario may be about 17%, he said.
Before Name An unexpected result of increasing the key rate of the Central Bank.
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Source: Gazeta
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