Sberbank predicted the return of the key rate to below 10%
In “Sbera” predicted that due to the stabilization of inflation and against the background of restrained economic growth, the Central Bank will lower the rate below 10% per annum in 2028
Sberbank admitted the possibility that the key rate of the Bank of Russia will fall below 10% per annum in 2028. Such a decrease will be possible in the case of a scenario of restrained economic growth and stabilization of inflation near the target values of the Central Bank. This was told by Deputy Chairman of the Board and Financial Director of the Bank Taras Skvortsov at the Day of the Investor of Sberbank. RBC Investments monitored the broadcast.
On the horizon of the next three years, Sberbank expects a moderate dynamics of economic development with an average annual GDP growth rate of 1.5%. In addition, inflation is also expected to slow down next year to 4.5-5% with its stabilization near the values targeted by the regulator in 2028-2029. The target inflation rate of the Central Bank is 4% per annum.
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