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Goldman Sachs forecasts Russia’s Central Bank’s key interest rate down to 11% by late 2015

February 09, 2015, 14:06 UTC+3 MOSCOW

The US investment bank's experts forecast the Central Bank’s key interest rate will decline by 100 base points every quarter, to reach 7% in 2016

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MOSCOW, February 9. /TASS/. US investment bank Goldman Sachs expects Russia’s Central Bank’s to lower key interest rate to 11% from the current 15%, Bloomberg reports.

Goldman Sachs’ experts forecast the Central Bank’s key interest rate will decline by 100 base points every quarter, to reach 7% in 2016.

Earlier Goldman Sachs raised its forecast on the inflation in Russia in late 2015 to 11% up from 9% to the previous forecast. Goldman Sachs experts expect inflation in Russia to reach its peak of 17-19% in April-June.

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