cbr statement, 2024-04-01
In the OFZ market, the increase in yields was associated with two main factors: first, with expectations that the current key rate would be kept at the same level for a longer period after the February decision of the Bank of Russia Board of Directors; second, with changes in expectations regarding fiscal policy, as the market was waiting for more detailed information about the sources of financing for additional budget expenditures.
Sentiment: neutral
Topic: mp_interest_rate