Russia FX/Rates Snapshot - August 2, 2021. Hawkish Comments From CBR Continue
The backdrop for the ruble looks less favorable this week than last week. Russian exporters will likely be selling lower volumes of FX this week given that the major tax and dividend payments have already taken place. Meanwhile, over the weekend, the Financial Times published an interview with CBR Governor Elvira Nabiullina in which she said that inflation expectations are no longer anchored following the recent surge in food prices.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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