Sberbank Sees Russian Rate Cuts and Growth
Sberbank projects Russian interest rate cuts and slightly higher economic growth this year. The bank cites robust consumer and state demand despite ongoing attacks.
Russia's central bank will lower its key rate to 13.5% from 14% by late evening on December 31, Sberbank chief economist Alexander Isakov said. The move comes despite persistent Ukraine-led attacks targeting domestic economic infrastructure. The forecast underscores resilience in consumer and state demand amid ongoing geopolitical friction.
