Central Bank of the Russian Federation

05/14/2021 | Press release | Archived content

Increase in Bank of Russia key rate expected by market in April

In April, the OFZ yield curve grew in the short segment on the back of expectations of an earlier return to neutral monetary policy and dropped in the long segment because of a decrease in sanctions risks and lower yields on US government bonds.

The movements of the ruble exchange rate during the month were mainly determined by the geopolitical situation. More details are available in the new issue of the Banking Sector Liquidity and Financial Markets commentary.

Preview photo: H_Ko / Shutterstock / Fotodom