Losev: the potential for strengthening the ruble is limited

On the currency market, trust in the ruble is returning, said financial expert and member of the Presidium of the Council on Foreign and Defense Policy Alexander Losev on the radio station "Vesti FM." "We have heard from Trump and his administration that their priority is to maintain the dollar as an international means, so it's time to stop playing games with disconnecting from SWIFT. There is hope that the Trump administration will eventually start lifting anti-Russian sanctions. And sanctions will be lifted primarily in the financial sector. Another component of the current strengthening of the ruble is the 'tax week,' meaning exporters sell their trade revenue to pay taxes," the expert noted. He reminded that the reason for the sharp weakening of the ruble, which was barely stopped at the end of last year, was the currency deficit in our market. "On March 21, at the meeting of the Central Bank's board of directors, the key rate will most likely remain unchanged. But we will see a more positive trend in slowing inflation. And on April 25, at the pivotal meeting of the Central Bank, they may revise the forecast and begin to soften monetary policy," believes the member of the Presidium of the Council on Foreign and Defense Policy.

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