Barclays named a new forecast of the ruble for the end of 2016

Moscow. January 11. Barclays Capital lowered its forecast for the ruble exchange rate in 2016, according to a review of the investment Bank.

According to the new estimates, in the middle of 2016 the rate will be about 78 rubles/$1 (still a forecast – 72 rubles/$1). At the level of 78 rubles/$1, the ruble will continue until the end of the current year, although analysts had expected that at the end of 2016 he’ll be 73 rubles/$1.

The main factors that will affect the dynamics of the ruble in 2016 – is monetary policy the CBR and oil prices, analysts say.

In their view, oil prices will be in 2016 to be close to current levels, and the key rate will be lowered by 200 basis points.

The ruble currently is about 76-76,5 rubles/$1 and the price of Brent crude may equal $32,5-33 per barrel.