Gref predicted a 1 percentage point increase in the Central Bank rate before the New Year another 1 percentage point, up 8.5 percent. Sberbank CEO German Gref predicted such a development in an interview with Russia 24 TV channel, RIA Novosti reports. According to him, the current rate of 7.5 percent is still too low amid inflation. At the end of November, the rise in prices, according to the Ministry of Economic Development, reached 8.38 percent in annual terms, although a week earlier it was 8.05 percent. Gref stressed that he could not speak with confidence about the exact value of the increase, but believes that, firstly, it will be, and secondly, it will be no less significant than the previous one. The head of Sberbank also noted that the next increase may be the last, and by the end of 2022 the rate will gradually will begin to decline.
