VTB: In 2025, the key rate will remain at 21%.
At VTB, they expect that the Central Bank of Russia will keep the key rate at 21% throughout the current year. This was stated by the First Deputy President and Chairman of the Management Board of VTB, Dmitry Pyanov.
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📝 Summary
At VTB, they expect that the Central Bank of Russia will keep the key rate at 21% throughout this year. This was stated by the First Deputy President and Chairman of the Management Board of VTB, Dmitry Pyanov.
He also believes that the high rate will not extend throughout the year 2026. "We forecast that it will last until 2025, but the dawn is already near," Pyanov said during a conversation with analysts. He also presented data indicating that by the end of 2025, Russia's GDP growth will exceed 2%, and inflation will be within the range of 7-10%. On February 14, during a meeting of the Bank of Russia's board of directors, a decision was made to keep the rate at the current level of 21%. As reported by the head of the Bank of Russia, Elvira Nabiullina, the regulator may consider the possibility of raising the key rate at the next meeting, which will take place in March.
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