Report
Nikolay Minko ...
  • Yuri Popov

Russia FX/Rates Snapshot - October 19, 2018

During her speech in Sochi yesterday, CBR Governor Elvira Nabiullina reiterated that the CBR might intervene in the FX or OFZ markets if volatility surges, though it is unclear what volatility measures the regulator relies on and what its thresholds might be. She confirmed that the CBR's first response in the event of market volatility would be to ease banks' accounting regulations. Overall, her speech did not deliver much in the way of new insight and was rather calm on the whole. This leads us to believe that the central bank is planning to leave rates unchanged at both the October and December meetings.
Provider
Sberbank
Sberbank

​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.

Analysts
Nikolay Minko

Yuri Popov

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