Analysts at Bank of America presented the economic forecast for 2017, again tying the ruble to oil quotations. In the baseline scenario says that the average cost of a barrel of Urals oil of about $59 dollar will cost 65 roubles, and inflation in Russia will be close to the Central Bank target of 4% at the end of the year, says RBC.
But the negative scenario assumes an average annual price of Urals at $25. Following the collapse of oil will be followed by the collapse of the Russian currency, they sure. In this case, the dollar by the end of the year may reach the mark of 90 rubles and inflation will exceed 7%.
Recall that the average price of Urals in September was $44,18.