28.10.2024, 08:43
Russians were warned about a further increase in the key rate by the Central Bank
Source: OREANDA-NEWS
OREANDA-NEWS The peak of the key rate increase in Russia has not yet been passed, and already at the next meeting the indicator may be increased to 23 percent per annum. Analysts interviewed by Vedomosti warned about further tightening of the Central Bank's policy.
The Central Bank's new forecast for the rate by the end of 2024 is 21-21.3 percent. Thus, according to the signal voiced by the Central Bank, the indicators of monetary policy (DCP) may be tightened at the next December meeting, said Olga Belenkaya, head of the Macroeconomic analysis Department at Finam. Sofia Donets, chief economist of T-Investments, holds a similar opinion.
In 2025, taking into account the expected growth rates of prices in the country, the real key rate may exceed 10 percent — as Belenkaya notes, private companies without a large financial cushion and connections with the state may not survive such a long period of expensive loans. According to the head of Rostec, Sergey Chemezov, rigid PREP slows down the growth of the industry.
The Central Bank's new forecast for the rate by the end of 2024 is 21-21.3 percent. Thus, according to the signal voiced by the Central Bank, the indicators of monetary policy (DCP) may be tightened at the next December meeting, said Olga Belenkaya, head of the Macroeconomic analysis Department at Finam. Sofia Donets, chief economist of T-Investments, holds a similar opinion.
In 2025, taking into account the expected growth rates of prices in the country, the real key rate may exceed 10 percent — as Belenkaya notes, private companies without a large financial cushion and connections with the state may not survive such a long period of expensive loans. According to the head of Rostec, Sergey Chemezov, rigid PREP slows down the growth of the industry.
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