By the summer the Russian currency may face a serious collapse: about 80 rubles can be given for the dollar, despite the expected rise in oil prices. This is stated in the forecast for the second quarter of this year.

According to the chief currency strategist of Saxo Bank, Hardy, by the middle of 2021 the American currency will grow against the Russian one, and for 1 dollar they will give 80 rubles, as well as the European one – the ruble will fall to 96 rubles per euro. The expert explained that the pressure on the ruble will be exerted by both increased volatility in the financial markets and the risk of new sanctions by the United States.

As for the global economy in general, Saxo Bank believes that its recovery is not the same as it was previously associated with the banking system: the attention of politicians has shifted from financial stability to social stability. “You can call it the ‘paradigm of social stability’. Basically, the new mantra is to print and spend as much money as possible while key rates and inflation are low,” said Steen Jacobsen, Chief Economist and Chief Investment Officer at Saxo Bank. “At first sight, this seems very simple, but we have to think about the consequences of this new policy, for example, the risk of galloping inflation,” he added.