Increase in Bank of Russia key rate expected by market in April
14 May 2021
News
Amid expectations of an increase in the Bank of Russia key rate, money market curves grew along their entire length for most of the month.
In April, the OFZ yield curve grew in the short segment on the back of expectations of an earlier return to neutral monetary policy and dropped in the long segment because of a decrease in sanctions risks and lower yields on US government bonds.
The movements of the ruble exchange rate during the month were mainly determined by the geopolitical situation. More details are available in the new issue of the Banking Sector Liquidity and Financial Markets commentary.
Preview photo: H_Ko / Shutterstock / Fotodom