Credit Suisse raised the forecast for the ruble

creditStrategists at Credit Suisse report that the improvement in the economic situation in Russia has given them a reason to raise the estimate of GDP growth this year from 1.5% to 1.9% and a forecast for 2018 from 1.7% to 2.0%. The bank also adjusted the assessment of the prospects for the Russian currency, and now expect that the average dollar-to-ruble rate next year will not be 60, but 58 rubles, while in CS expect to reduce the Bank of Russia rate to 8% by the end of this year and to 7 % by the end of 2018.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *

Enjoy this blog? Please spread the word :)