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Andrey Belousov called the dollar exchange rate from 70 rubles optimal
16 June, 10:22
Economy
Andrey Belousov called the dollar exchange rate from 70 rubles optimal
At present, the ruble exchange rate is "overstrengthened", said First Deputy Prime Minister Andrey Belousov, 55-60 rubles per dollar is "too strong" against the backdrop of deflation and high interest rates.

In an interview with TASS, Belousov pointed out that an exchange rate of 70-80 rubles per dollar would be optimal and comfortable for the Russian industry. At the same time, the Central Bank does not target the level of the national currency exchange rate, "that's why it develops as it is".

The regular reduction of the Central Bank of the Russian Federation rates (at the last meeting - from 11% to 9.5% after a record increase in February to 20%) Belousov called evidence that "the problem of high inflation has given way to problems of an overstrengthened exchange rate and the need to stimulate production."

It's worth reminding that the regulator set the official rate of the US currency on June 16 at 56.66 rubles, the euro - 59.12 rubles.

Note that the Central Bank allows further reduction of the key rate. At the end of the year, on average, it will be 10.8-11.4%. In 2023 - about 7-9%, and in 2024 already 6-7%. The next meeting is scheduled for July 22.