Observable data points shared across all narratives
Higher key interest rates increase yields, reducing bond prices as borrowing costs rise.
This is not investment advice. Market exposure is based on conditional event analysis.
Herman Gref, head of Sberbank, evaluated the effects of the Central Bank of Russia setting its key interest rate at 12%. He indicated that a mortgage market could become accessible if the rate remains at this level or decreases. Sberbank also expects that the quicker adjustment to the 12% rate will help stabilize economic activity in Russia.