Financial Markets: Increasing Complexity, Maintaining Stability

3–5 July 2019, ST. PETERSBURG

    “We do not see such drastic change in the interest of global investors towards Russian assets. Basically, Russian assets remain attractive,” said Elvira Nabiullina, Governor of the Bank of Russia, at a press conference at the International Financial Congress.

    The current share of non-residents in OFZ bonds standing at 31% seems high, but it is not high by world standards.

    Decline in participation of non-residents in Russian debt stands at the same rate as in other emerging markets.

    The reason for decline is the gradual normalization of monetary policy in the developed countries.

    Source: Bloomberg