Translation. Region: Russian Federal
Source: Central Bank of Russia –
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The ruble rose against the US dollar for the seventh month in a row in June, while weakening slightly against the yuan. Demand for the currency from companies reached a year-low.
The softening of the Bank of Russia's rhetoric regarding the further trajectory of the key rate amid signs of slowing inflation supported the Russian financial market.
Yields on the OFZ and corporate bond markets continued to decline. Most major stock indices began to grow, with the Moscow Exchange Index up 0.7% over the month.
Read more in the next issue "Review of Financial Market Risks".
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