Articles by tag: ofz-yields

Siluanov's Budget Trap: Government Spending and the Central Bank Rate

The Ministry of Finance acknowledged the growth of government spending and the impossibility of lowering the Central Bank rate in 2026. Who wins and who loses? Analysis of consequences for the budget, OFZ bonds, and gold.

Weekly deflation in Russia: Central Bank analysis and forecast

The Bank of Russia recorded a weekly deflation of 0.02% for the first time since August 2025. We analyze the causes, impact on the rate and markets. Find out why this is not a victory over inflation.