Sberbank improves forecasts for rubleТs rate vs US dlr in 2018Ц2020
MOSCOW, Feb 28 (PRIME) -- RussiaТs top bank Sberbank has improved its forecasts for the rubleТs average annual exchange rate against the U.S. dollar for 2018Ц2020, as seen by PRIME on Wednesday in a presentation of the bank.
The bank improved the rate for 2018 to 58 rubles per U.S. dollar from 59 rubles, for 2019 to 58.5 rubles from 59.5 rubles, and for 2020 to 59 rubles from 60 rubles.
Sberbank also expects the central bank to cut its key rate to 6.75% in 2018 from the current level of 7.50%, and to reduce it further to 6.50% by 2020. The bank also sees RussiaТs inflation close to 4% in 2018Ц2020.