15 September 2023, 11:19
Freedom Finance Global analyst Vladimir Chernov, in a conversation with RT, gave a forecast for exchange rates for the next week.
According to the specialist, the movement of the Russian national currency in the next trading week will primarily depend on the decision taken today on the monetary policy of the Central Bank at the scheduled meeting of the regulator.
“If the Bank of Russia leaves the key rate unchanged at 12% per annum, the Russian ruble exchange rate will again come under pressure next week and will tend towards 100 rubles per dollar, trading will probably continue in the range of 95-99.50 rubles per dollar. If the Central Bank raises the key rate moderately, by 100 bp, then next week the ruble will trade in the range of 93.5-95 per dollar. And if the regulator shows toughness and raises the key rate by 200-300 bp, then the value of the US dollar in the next trading week could drop to the region of 90-92.5 rubles,” Chernov said.
He also noted that the yuan exchange rate, if the Russian Central Bank decides not to change the rate, will remain in the range of 13-13.8 rubles next trading week.
“If it is increased by 100 b.p. trading will fall in the range of 12.85-13, if it increases by 200-300 bp, then even lower, in the region of 12.5-12.7 rubles,” the analyst concluded.
Earlier, Egor Diashov, General Director of the Dialot investment company, Chairman of the Financial Markets Commission of the Moscow city branch of Opora Rossii, predicted how the key rate might change.
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