Bank of America recommended investors to buy rubles
Friday, 5 August 2016
Topic: Opinions of experts
Views: 38
Bank of America Merrill Lynch recommended investors to pay attention to the Russian currency, if they want to win as a result of growth of the ruble.
“The ruble in the third quarter, is under pressure of seasonal factors. Meanwhile, we expect that in the fourth quarter the situation will improve”, — quotes “Interfax” an excerpt from a review of American financial Corporation.
Analysts expect the Central Bank will adhere to a strict fiscal policy that will help to reduce inflation.
“This implies lower inflation and increase real interest rates to 4% next year, which is a relatively high level in terms of the negative yields in the world,” the report said.
The materials also provided a forecast that Brent crude by the end of the year will cost 52 $ per barrel (compared to current prices in the area $ 43 per barrel). In the first quarter of 2017, experts predict the increase in the price of Brent crude to $ 55 per barrel.
Monday, August 1, the magazine the Economist on the results of the calculation of the index the big Mac” said that the Russian ruble is undervalued against the dollar by more than two times. According to the newspaper, one dollar should cost less than 26 rubles.
