The ruble will probably depreciate more than 6 percent against the dollar this year as Russian policy makers seek to spur the stuttering economy, the currency’s top forecaster said.
Ukraine will probably let its currency devalue 10 percent to 9 hryvnia per dollar by year-end to restart International Monetary Fund financing, according to HSBC Holdings Plc.
Kazakhstan’s tenge may strengthen more than 5 percent by the middle of next year as accelerating inflation forces the central bank to allow the currency to appreciate, HSBC Holdings Plc said.
Russian manufacturing growth eased in December from an eight-month high after new orders slowed and export demand weakened, HSBC Holdings Plc said.
OAO Sberbank, Russia’s largest bank, is considering following rival VTB Group by borrowing in Asia to explore new sources of funding.
"Business conditions in services will likely continue getting worse in the coming months."
- Alexander Morozov on Dec 03, 2014