Sberbank predicted the ruble rise

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www.vsyako.netPhoto: Sergey Mamontov / RIA Novosti

Sberbank has significantly improved its forecast for the ruble in 2019, reports owned by Grigory Berezkin Agency RBC.

So, in the third quarter Sberbank expects rate of 62 rubles per dollar and 63 roubles — in the fourth. For comparison, the previous forecast was at the level of 65 and 66 rubles per dollar, respectively.

The basis for positive developments was, in particular, the prospect of a rate cut in the United States, as well as the easing monetary policy of the Federal reserve system (FRS) that perform the functions of the us Central Bank.

In addition, as an additional impetus for the strengthening of the national currency Sberbank noted the positive trends related to capital flows, including the market of Federal loan bonds (OFZ).

The fed on June 19 to raise the base rate, leaving it at the level of 2.25-2.5 percent. In addition, the Governor Jerome Powell hinted at the possibility of a further decline in the current year.

This instantly decreased the dollar’s attractiveness to foreign investors, because the future may reduce the profitability of U.S. securities. Accordingly, they will seek alternative investment options.

Video, photo All from Russia.

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