The situation associated with the introduction of US sanctions against Russian companies is gradually calming down. We can look at the technical picture, formed on the Russian ruble in tandem with the US dollar – the USD/RUB currency pair.
Let’s start with the weekly chart. Continue reading
On 23 March 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum.
Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. The Bank of Russia forecasts annual inflation to be 3-4% in late 2018 and remain close to 4% in 2019. Continue reading
Last week, the dynamics of the Russian ruble versus the US dollar was affected by several factors.
This is primarily an increase in the S&P rating of the Russian Federation to “BBB-/A-3, market reaction to the speech of the President of the Russian Federation with a message to the Federal Assembly and the dynamics of the US dollar. Continue reading
According to the International Rating Agency Standard & Poor’s – “The sovereign ratings of the Russian Federation on foreign currency obligations have been raised to “BBB-/A-3” thanks to a balanced economic policy and the improvement of the mechanism of transmission of monetary policy, the forecast is “Stable”.
The upgrade of Russia’s rating from S&P reflects a positive view of investors on the Russian market and will allow launching new investment projects in the future. Continue reading