Just a reminder: when the press conference is over, the above link may not work anymore and the recording of the press conference may be posted elsewhere.
And there’s a real possibility that it might go UP
The Ministry of Finance put out a quiet Press Release on Friday afternoon which means that the Central Bank will probably be unable to talk about it until AFTER the meeting. (Sneaky)
And as far as I can tell, no major news outlets have picked it up yet.
The Ministry of Finance announced they were creating 5 new bonds totaling 4.25 Trillion Rubles.
3 are Constant Coupon Bonds, all of which have higher coupon rates that any of their existing Constant Coupon Bond
“According to sources, the tragedy occurred the day before. The body was found under the windows of a hotel in Sheremetyevo, where the deceased was likely staying in a room on one of the higher floors.”
Another thing that I don’t think enough people realize, is that there are capital controls already in place and requirements for businesses to sell a certain portion of their foreign exchange earnings