Sberbank CEO does not see dramatic ruble and oil changes

Sberbank CEO does not see dramatic ruble and oil changes

Head of Sberbank Herman Gref does not see dramatic changes for the ruble exchange rate and oil prices in 2018, he said on the sidelines of the World Economic Forum in Davos.

"To be honest, we do not see any dramatic changes, at least this year. According to our estimates, the ruble exchange rate fluctuations are possible within 56-61 rubles per dollar," TASS cited Gref as saying.

"We see a record decline of inflation, so the Central Bank key rate will also decrease. Loan rates have no chance to grow," he added.

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