According to her, since the beginning of February, the ruble has depreciated quite a lot against world reserve currencies: against the dollar, the ruble fell by 3.3%, and against the euro - by 1.1%.
“The ruble exchange rate next week may depend on the decision of the Central Bank on the key interest rate adopted on February 10, as well as on consumer price inflation data for January 2023.
You should also pay attention to the dynamics of the official weekly inflation, which is published by Rosstat, and in late January and the first ten days of February, inflation was very unstable, either declining a week later, or jumping up a week later.
All the attention of the financial markets will be primarily focused on macroeconomic statistics for Russia,” Milchakova explained.
According to her, also a tense geopolitical background "will continue to generate increased volatility of the ruble."
“Next week we expect 72–74 rubles per dollar at the dollar rate, and 77–80 rubles per euro at the euro rate,” the analyst said.
Earlier, economist and lecturer at the RANEPA Vladislav Ginko called the growth of the dollar to 73 rubles “a slight recovery in the exchange rate”.