More Ruble Intervention Ahead If Top Forecasters Right

If the top forecasters for the ruble are correct, last week’s intervention by the Russian central bank, the first since May, won’t be the last.

The currency will drop 2.9 percent from last week’s close to 41.10 per dollar by the end of 2015, said Alexander Morozov, chief economist for Russia at HSBC Holdings Plc, the most accurate forecaster for the pair in the past 12 months, data compiled by Bloomberg show. Danske Bank A/S, ranked second, sees a 4.2 percent decline in the next four quarters.