Russia FX/Rates Snapshot - June 16, 2021. Finance Ministry To Test New Regime for OFZ Market Carefully
Overall, if the geopolitical situation remains calm, we think the ruble could test 71.5. For it to gain a foothold at this level in the evening, the rhetoric of the Fed will have to remain dovish enough - we see it raising its inflation forecast for this year and guidance on rates in 2023 while continuing to emphasize that the surge in inflation is temporary, as well as that the winding down of asset purchases will be smooth and that a decision will be made in this regard in the coming months but not be sudden.
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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