MOSCOW, April 29. /TASS/. Sberbank expects the key rate of the Bank of Russia will be within the range of 12-13%, Deputy CEO of the top Russian bank Taras Skvortsov told reporters.

"The Central Bank will keep the cautious approach towards monetary policy softening during the time remaining until the end of the year amid proinflationary risks preserved," the banker said.

"Accordingly, the key rate will drop to the range of 12-13% by the end of 2026," Skvortsov added.