Sberbank still predicts ruble exchange rate of 90 rubles/$1 at end of 2025

MOSCOW. Oct 28 (Interfax) - Sberbank is still expecting the exchange rate to depreciate and reach 90 rubles/$1 by the end of 2025, Sberbank CFO Taras Skvortsov said during a conference call.

"We do indeed expect to see a certain depreciation in the ruble by the end of this year. It is difficult to say how much at the moment, but in the overall region of 90 rubles," Skvortsov said.

"In terms of next year, we will give our forecast both for the macroeconomic scenario and for our results at the big conference which we will hold on December 10 [Sberbank Investor Day]," he said.

The Central Bank has set its official dollar rate for October 28 at 79.98 rubles/$1 and its euro rate at 92.02 rubles/EUR 1.