Bank of Russia Raises Key Rates

The transcript discusses the urgency of Governor Bulina's economic decisions, focusing on interest rate hikes and the Central Bank's objectives. It explores investment strategies in Russia, considering the impact of sanctions and geopolitical risks. The discussion also covers market pricing, potential risks, and the effect of COVID-19 on Russia's economic recovery. The analysis highlights Russia's strong economic fundamentals despite challenges, emphasizing the need for a balanced policy mix to foster growth.

What was the recent monetary policy action taken by the Central Bank of Russia?

• No change in interest rates

• A 50 basis points rate cut

• A 50 basis points rate hike

• A 100 basis points rate hike

What is the Central Bank of Russia's target for real interest rates?

• 0 to 1%

• 1 to 2%

• 2 to 3%

• 3 to 4%

How might further sanctions impact the Russian economy?

• Increased volatility in local markets

• Decrease in interest rates

• Strengthening of the Russian ruble

• Increase in foreign investment

What percentage of Russian local debt is owned by foreign investors?

• 10%

• 20%

• 30%

• 40%

What has been the impact of COVID-19 on Russia's economic indicators?

• Significant decline in industrial production

• Sharp increase in unemployment

• Return to pre-COVID levels

• Continued economic stagnation

How have Russian citizens been affected financially since 2014?

• They have become 10% richer

• They have become 50% poorer

• They have become 25% poorer

• Their wealth has remained stable

What is needed for sustainable economic growth in Russia according to the discussion?

• Confidence in long-term visibility for businesses

• Higher interest rates

• Increased government spending

• More foreign debt