The raising of the key rate to 4.5% was the main factor influencing the rates of the Russian money market last week.
The leading indicator of the money market: 6-month MOSPRIME rate increased by 0.11 percentage points, amounting to 5.03% by the end of the week, 1-month MOSPRIME rate increased by 0.05 percentage points. up to 4.73%. The average spread between rates last week was 0.275 p.p. The one-week RUSFAR, an indicator of the value of secured money, gained 0.03 pp. up to 4.2%.
At the same time, rates on deposits increased. FRG100 – the arithmetic average of the maximum rates of 54 Russian cans increased by 0.0315 pp, by the end of the week the rate was 4.0984%.
Money market rate data: Cbonds, deposit rate data: Frank Media