The expert announced the possible strengthening of the ruble in the coming weeks
This week, the dollar is expected to consolidate in the range of 77.50-87.50 rubles, euro 90-99 rubles, yuan 11.30-12.40 rubles. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about this on March 23.
On March 21, the Central Bank of the Russian Federation set the exchange rate of the American currency at 83.9 rubles, the European currency at 97.2 rubles, and the Chinese currency at 12.2 yuan. At the same time, according to the Moscow Exchange, on March 23, the yuan is trading at 11.8 rubles.
"The fall of the Russian currency has stopped, reaching peaks since February-March last year. The market played back speculative positions amid expectations of a reduction in the Central Bank's key rate (eased monetary conditions to 15%). The arrival of a large supply of foreign currency before the tax period successfully balances the market, realizing the positive effect of high oil prices. In its monetary strategy, the Bank of Russia hints at the possibility of a gradual reduction in the key rate, which generally retains the attractiveness of ruble instruments in the second quarter of this year," the expert concluded.
On March 20, the Central Bank lowered its key rate to 15% per annum. According to the regulator's forecast, taking into account the current monetary policy, annual inflation will decrease to 4.5-5.5% in 2026, and stable inflation will be near 4% in the second half of 2026. In 2027 and beyond, she will be on target.
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