2024-03-18 06:31:17
- 09:30 on March 18
- 12+
- Ekaterina Lysenko
How savings will be reset
Russia may experience a rapid devaluation of the ruble, comparable in strength to 2014. Writes about this “DEITA.RU”.
Economist Mikhail Khazin said that the Russian authorities are already trying to slow down the growth of inflation by raising the key rate. However, this turns out to be not enough. A similar story happened in 2014, when the Central Bank had to raise the rate to 17 percent per annum, but the problem was still not solved. In this regard, in December 2015, the regulator had to carry out a sharp devaluation of the ruble. Because of this, it fell in value by half when paired with the dollar.
“The authorities could implement such a scenario as early as this spring. We will be dealing with a stronger depreciation of money than predicted. Now Russians are promised inflation of 7.5 percent, but the numbers may turn out to be completely different,” Khazin warns.
The traditional increase in prices at the beginning of the year, high inflation, subsequent devaluation and a sharp increase in the dollar exchange rate can once again devalue all citizens’ savings. The history of past years may repeat itself.
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