“Undoubtedly, this is due to the latest decision of the Central Bank, which is largely forced and largely reflects the relatively steady high inflationary level,” the expert explained.
He added that earlier "the Central Bank was predictable and relatively restrained in its decisions to raise the key rate."
“And the last decision surprised everyone very much - and as we know, financial markets really don't like to be surprised.
And few people predicted 0.75 ... By itself, this procedure for increasing the key rate supports the ruble.
Again, we see quite pleasant high oil prices, absolutely record gas prices.
All this serves to strengthen the ruble, ”concluded Ordov.
Earlier it became known that the dollar at the auction fell below 70 rubles, the euro - below 81 rubles.
On October 22, the Central Bank of Russia decided to raise the key rate by 0.75 percentage points to 7.5%.