- says weaker rouble to add 0.3-0.5% to short term inflation but will meet 5% 2104 target
- may increase inflation pressure and reduce reform chances in long term
- US Fed’s tapering to limit Russian companies access to foreign capital, and raises long-term OFZ bond yields
- Sochi winter olympics may add +0.3% yo H1 2014 GDP
And what price the re-arrest of Pussy Riot members ?
Anyhow, on that vitally unimportant point I’m going to leave you in the very capable, and always entertaing, hands of Mr Littlestone for the remainder of the day.
Thanks for your company, one and all, and good trading for the rest of the session.
