Sber is preparing for the Central Bank to continue tightening monetary policy in the near future.
During the new meeting, the Central Bank will most likely raise the key rate again, Sberbank expects.
The first deputy chairman of the bank's board, Kirill Tsarev, shared his opinion on this topic with TASS .
He noted that Russia is experiencing a high level of inflation and growth in the population’s income.
Against this background, the regulator will increase the key rate. There are more pros than cons in this case, the expert believes.
Sberbank expects that the Central Bank may raise the key rate by 1–2% in December, bringing it to 22–23%.
At the same time, Sberbank believes that the rate is unlikely to remain at the current level. There is no talk of a reduction at all.
For reference
Sber is a Russian financial conglomerate, the largest universal bank in Russia and Eastern Europe.
Author: Dmitry Bobrov
