Russia has presented its own version of the "shocking forecasts" for 2024
According to Sovcombank forecasts, the Bank of Russia will not reduce the key rate next year. In 2024, it may reach 25 percent per annum, while inflation will accelerate to 15 percent. At the same time, the dollar exchange rate will rise to 200 rubles. The continuing geopolitical risks, as well as possible easing of the requirements for the sale of foreign exchange earnings by exporters after the elections in 2024, will exert strong pressure on the national currency.
The list of "shocking forecasts" from the Russian bank also includes a drop in oil prices to $ 40 per barrel in the event of the collapse of OPEC+. In addition, economists do not rule out that there will be no international bonds next year — in 2023, the segment experienced serious pressure amid high rates and limited demand.