April 29 10:12
VTB Bank expects a gradual easing of monetary policy throughout the year. First Deputy Chairman of VTB Dmitry Pyanov told reporters about this.
“We believe that after each meeting of the Board of Directors of the Bank of Russia there will be a rate reduction of 0.5 points. Those meetings that took place in the new year followed this rule. Despite the rather harsh rhetoric of the Central Bank, we predict that at the end of the year the rate will reach 12%,” the top manager said.
The bank also assumes that the ruble exchange rate will not change dramatically, and the average rate for the year to the dollar will be 81 rubles.
At the same time, economic trends have not yet fully formed for a revision of the bank’s goals, so such a review will be based on the results of the first half of the year.
“There is no need to expect radical changes in the forecasts for the group’s targets. One of our goals for updating forecasts is to narrow the range for net income. Now the range is 600-650 billion rubles,” Pyanov clarified.
