Sberbank expects potential pauses in the Central Bank of Russia's key rate cuts but does not foresee any reasons for a rate increase, CEO Herman Gref said. The bank projects the key interest rate to be between 11% and 12% by the end of the year. Deputy Chairman and CFO Taras Skvortsov said there is a 50% chance of a 25 basis point rate cut in September, followed by a pause.
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