Day: June 20, 2019

Emerging Markets

OFZ: Supportive Combination

The recent CBR decision to cut the key interest rate and its generally dovish comments about the future direction of the monetary policy may support demand for OFZ from international players. If we take into account the high chances of the further contraction of the US interest rates in the near future, then the inflow of foreign money may easily beat the regulator’s relatively moderate expectations.Read the rest