Bank of Russia changes parameters of FX swaps

From 28 October 2024, the Bank of Russia sets the following interest rates for CNY/RUB sell/buy FX swaps:

for yuan, swap points will be calculated using the Bank of Russia key rate;

for rubles, swap points will be calculated using the Bank of Russia key rate.

This decision has been made taking into account current price trends in the FX swap segment and is aimed at minimising the impact of Bank of Russia transactions on market pricing.

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