He called the Central Bank’s decision not to raise interest rates and noted that the dollar rebounded by 15% - to the extent acceptable for banks.
“I believe that we will not go beyond 80 rubles per dollar, and in the future, in 2021, the ruble will strengthen,” Kostin said.
According to him, the Central Bank and the Ministry of Finance have the opportunity, if necessary, to maintain the course.
He explained the multidirectional dynamics by the fact that investors are now driven by emotions, not calculations.
Earlier, Sberbank simulated three possible scenarios for the development of the economic crisis in Russia against the background of the situation with coronavirus.