2023-09-15 08:29:54
Dollar to ruble exchange rate 1 day intervals
A month ago, the ruble was in free fall, and this prompted the Bank of Russia to urgently raise the key rate by 3.50% to 12%. Since then, the Russian currency has stabilized, and the feeling of uncontrollability of the situation has disappeared. Both of these factors are important arguments in favor of keeping the key rate unchanged at today’s CBR meeting, economists at Commerzbank write.
“However, historically, in moments of instability, the regulator has demonstrated a tendency to increase the interest rate until the factors that created risks of increased inflation are completely eliminated,” the bank’s experts recall. “Therefore, the likelihood of maintaining the rate at the current level and raising it once more at today’s CBR meeting looks approximately 50/50.”
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On this topic:
Tomorrow the Central Bank will raise the rate to 13% – SberCIB, KIT Finance Broker
In a week, the Bank of Russia may raise the rate by another 2% – Raiffeisenbank
Alfa Bank told how much the Bank of Russia will raise rates in September
Archyde.com 12-month survey: double-digit rates, sluggish economic growth and weak ruble
The growth of the ruble will not force the Central Bank to lower the rate once more – Raiffeisenbank
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