๐ท๐บ and indeed Bank of Russia cuts interest rates down to 20%
3 months ago I wrote about how the Russian bond market was pricing in those cuts
a month ago the prediction materialized โ
๐ท๐บ Russian Central Bank key interest rate is at 21%
3Y Russian Federation bonds are at โ16.5% yield
The market is pricing in upcoming rate cuts
@AskPerplexity and @grok will tell you that Ruble & Russian economy are in a bad state. The reality is different