Alexander Shokhin, head of the Russian Union of Industrialists and… (ставка · шохин · заседание)
Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), stated that the Central Bank of Russia is likely to either maintain or potentially raise its key interest rate at its July meeting, though he认为 such a move would be inappropriate given fuel shortages. He emphasized that monetary policy is ineffective against non-monetary inflation factors.
Consensus
- The Central Bank of Russia is expected to either maintain or possibly raise its key interest rate at the upcoming meeting on July 24.
- Alexander Shokhin, head of RSPP, stated that raising the key rate in response to fuel shortages would be inappropriate.
- Shokhin believes that using monetary policy to address non-monetary inflation factors is ineffective.
- The previous reduction in the key rate occurred in June, lowering it from 14.5% to 14.25%.
Points of divergence
- Shokhin expects the Central Bank to either maintain or lower the key rate at the July meeting. — kommersant
- Shokhin believes that raising the rate would be incorrect in the current fuel situation, but acknowledges it could happen. — vesti
- Shokhin noted that the ruble's depreciation may stabilize around 80–85 rubles per dollar, though he finds it difficult to assess a stable trend due to high volatility. — interfax
Coverage (3 sources)
- Shokin forecasts key rate to remain unchanged or rise in July — Вести
- Shokhin: Central Bank signals indicate a likely rate hike — Коммерсантъ
- Shokin believes it would be wrong for the Central Bank to raise rates due to fuel situation — Интерфакс