One of the largest financial conglomerates Bank of America Merrill Lynch predicts the Russian central bank to cut its key interest rate to 13% on April 30, 2015.
Also, there is a projection from Goldman Sachs analysts Clemens Grafe and Andrew Matheny that in 2016 the major interest rate may be lowered to 7%.
Currently, the key interest rate of the Bank of Russia is 14%. Goldman Sachs says the recent strengthening of the ruble is likely to be a positive sign for a rate cut. The US dollar is expected to change hands at 52 rubles in three months, and a year later, it is predicted to be 61 rubles, according to Goldman Sachs experts.
