The Central Bank of Russia linked the strengthening of the ruble to geopolitics
"The strengthening of the ruble was due both to the reaction of markets to geopolitical events and to a seasonal decrease in demand for foreign currency from importers," the report says.https://cbr.ru/dkp/mp_dec/decision_key_rate/summary_key_rate_26022025 /" target="_blank">summary of the key rate discussion.
The regulator also noted that at the moment it is difficult to assess the stability of the strengthening of the ruble and its impact on prices. The Bank of Russia added that after the strengthening of the ruble, operational data indicate a slight slowdown in the growth of prices for imported goods.
Digital Broker analyst Ivan Efanov, in an interview with Izvestia on February 25, said that in addition to geopolitics, the strengthening of the ruble was influenced by net sales growth from exporters and a high key rate. In turn, Mikhail Zeltser, an expert on the stock market at BCS World Investments, clarified that at the beginning of 2025 there were too many speculative bets against the ruble on the market, which eventually burned down, which increased the collapse in foreign exchange rates.
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