29% of investors expect the key rate to rise to 18% in July, according to the survey. One in four respondents think the rate will remain at 16% and only 2% think the rate will be cut. The next central bank meeting on rates is scheduled for July 26.
Subscribe to RB.RU on Telegram
The majority of private investors in Russia (29%) expect the benchmark rate to rise from the current 16% to 18% in July 2024, according to the results of a survey of 14.5 thousand people conducted by SberInvestments.
23% of respondents believe that the rate will remain at the current level of 16%, one in five respondents expects the rate to rise by 100 basis points to 17%. Only 2% of respondents believe that the Central Bank will lower the key interest rate.
Amid rate expectations, retail investors are actively investing in money market funds, bonds and floating rate funds, the survey found.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
Join our expert trading community and receive premium signals directly to your inbox. Maximize your profits with every trade!
