ST. PETERSBURG, November 29. /TASS/. The ruble exchange rate in 2023 will remain stable, the dollar could reach 66-67 rubles, while Russia’s will slow down to 5%, Chief Economist of VEB.RF Andrey Klepach said on Tuesday.
"Inflation will indeed slow down to 5%. In the future - to around 4 [percent]. At the same time, the exchange rate of the ruble, if there are no new ‘black swans’, will be quite stable, taking into account a very large export balance - 66-67 rubles per dollar next year. That is, we will have a slight decrease," he said.
Klepach noted that next year the cost of imports may exceed the pre-crisis level, but its volume will not reach previous levels until 2027. "Although the cost of imports will exceed the pre-crisis level next year, nevertheless, in physical terms, the volume of imports is more likely to recover by 2027-2028," he said.
Earlier, Russian President Vladimir Putin said that inflation in the country is steadily declining, at the beginning of next year it could reach around 5%. At the same time, people's salaries should grow faster than prices, Putin noted.