There were no significant changes in the Russian money market last week.
Money market leading indicator: 6-month MOSPRIME rate increased by 0.08 p.p. (by the end of the week: 5.43%) 1 month MOSPRIME increased by 0.02 p.p. up to 4.92%
The average spread between 1 and 6 monthly rates last week continued
increase and amounted to 0.498 p.p.
The one-week RUSFAR, the indicator of the value of secured money, declined 0.12 pp. up to 4.46%
Deposit rates increased slightly. FRG100 – the arithmetic average of the maximum rates of 54 Russian banks increased by 0.0023 p.p. by the end of the week the rate was 4.1261%