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And by the way, regarding the increase in the retirement age. Many laugh and think, no, that can’t happen. No, my friends, there will be an increase in the retirement age. I am deeply convinced that around the end of 2025 to 2026, the ruling oligarchs will come out and tell us...
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There will be no 100 rubles to the dollar in Russia in a year. The exchange rate will be much worse.
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There will be no reduction to 15%, as Aksakov claims, by spring or summer—it definitely won’t happen. This scenario is practically out of the question. Speaking about Russia’s key interest rate in 2025.
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We expect 100 rubles per dollar by the end of the year.
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I would be happy to be wrong and to see the Central Bank lower the interest rate... However, a 100% increase is likely to happen. I think it will happen in October, and then there will be another rate increase in December.
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The coming week will be interesting. Let's see how the pseudo-trading sessions open. What will happen with the Ruble, Dollar, and Euro? So far, everything has been in a sideways trend, with the Ruble barely fluctuating. The stock market dropped by 2 percent. I think we will break the September lows of 2,520 points on the MOEX index, meaning we'll hit a new low for the past two years, roughly speaking.
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I think it will be 14 rubles per yuan in the fall.
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