Economist Kuzmin predicted a reduction in the key rate to 16% by the end of the year
The reduction of the key rate will begin in June, by the end of this year it will be at the level of 16%. This forecast was made by the head of the analytical department, senior economist of Renaissance Capital Oleg Kuzmin in an interview with Rossiya 24 TV channel.
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📝 Summary
The reduction of the key rate will begin in June, by the end of this year it will be at the level of 16%. This forecast was made by the head of the analytical department, senior economist of Renaissance Capital Oleg Kuzmin in an interview with Rossiya 24 TV channel.
According to the economist, by now the Bank of Russia has reached a peak rate. “For now, the rate will remain unchanged, but we expect the rate to be reduced from June this year to 16% at the end of this year and to its neutral level in the new reality, which is about 11-12% at the end of 2026,” Kuzmin said. According to the expert, the Bank of Russia’s key rate decision will be largely influenced by the state of the Russian loan portfolio.
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