OFZ: Retail flows to support the market

RUSSIA ECONOMICS - Report 02 Jan 2020 by Alexander Kudrin and Evgeny Gavrilenkov

The deceleration of inflation in Russia pushed down interest rates across the economy, including those of banking deposits. This trend has already fueled the demand of private individuals for financial markets, as they have already opened more than 3 mln accounts at the Moscow Exchange. We see high chances for this trend to continue in 2020. The OFZ market is likely to be among the key beneficiaries of the relocation of funds from the banking sector to financial markets. According to our estimates, total demand from private individuals for ruble sovereigns may reach R300-350 bln in 2020, which will support the Finance Ministry’s borrowing activity.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.