Economists at Sovcombank predict an increase in the key rate to 22% by the end of the year

October 7th. /MEDIA TALK/. On Monday, October 7, it became known that the economists of Sovcombank expect an increase in the key rate in Russia to 22% by the end of this year. Earlier, experts predicted a tightening of monetary policy to the level of 20%, Vedomosti wrote.

The assessments of other institutions are more optimistic: VTB and Renaissance Capital expect 21%, Alfa-capital and RSHB – 20%, T-bank — 19%.


Photo: ru.freepik.com

The publication noted that economists of credit institutions are updating their macroeconomic forecasts due to the growth rates of prices for goods and services. Thus, inflation exceeds the forecasts of the Central Bank — 6.5–7% at the end of 2024 and 4-4.5% by December 2025.

Recall that last week the Central Bank explained why it is impossible to keep the key rate low at a high rate of price appreciation of goods and services. The regulator noted that in this case, inflation in the country would already be double-digit.