⁍ Non-residents have almost stopped buying treasury bonds at the finance ministry’s weekly auctions.
⁍ The central bank is likely to start publishing a trajectory for its key interest rate in the first half of 2021.
– The share of foreign investors in Russia’s government bonds is expected to fall further this year as non-residents stop buying, Central Bank Deputy Governor Alexei Zabotkin said on Tuesday. The share of foreign investors in Russia’s OFZ bonds will decline further this year as non-residents have almost stopped buying treasury bonds at the finance ministry’s weekly auctions, Zabotkin said, per Reuters. He also said it was important Russia avoided increasing its public debt burden above 20% of gross domestic product. Zabotkin said the central bank was likely to start publishing a trajectory for its key interest rate in the first half of 2021.
Source: https://www.reuters.com/article/russia-cenbank/foreigners-share-among-russias-ofz-bond-holders-to-fall-further-central-bank-says-idUSR4N2GX013