OFZ yield and money market rates in June driven by key rate decision
15 July 2021
News
Short and medium-term OFZ yield curves and curves in the money market went up in June, which comes as a reflection of the Bank of Russia’s decision to raise the key rate and revised expectations of market players for its subsequent path.
The ruble was one of the few currencies of emerging economies to have strengthened against the US dollar in June.
The recent rise in the key rate is gradually feeding through to interest rates on bank loans in rubles.
More details are available in the new issue of the commentary Banking Sector Liquidity and Financial Markets.
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