Ruble strengthens again and shares continue to go down in May
9 June 2025
News
The ruble was growing against the main foreign currencies for six consecutive months. This trend was fuelled by the Russian assets’ attractiveness to households and businesses amid tight monetary policy. The US dollar decreased by 3.6% MoM and the yuan – by 2.8% MoM hitting two-year lows.
The downward trend in stock market prices continued amid the geopolitical uncertainty, and the MOEX Russia Index fell by 3.1% as of the end of May. As inflation decelerated and the market expected the key rate to decline, OFZ and corporate bond yields went down.
More details are available in the new issue of the Financial Market Risks Review.
Preview photo: Pozdeyev Vitaly / Shutterstock / Fotodom