Page 77 - RusRPTDec19

● Falling interest rates​. Since the beginning of the year, interest rates have fallen 1.25 percentage points to 6.5 percent — and the last rate cut was as high as 0.5%. Many investors expect the Central Bank to continue reducing rates and lower interest rates mean falling bond returns — making Russian shares more appealing.
Foreign investors continue to see opportunities for growth in Russian stocks and shares despite tension with the West. Since 2014, the amount of foreign money in the Russian market has grown by 58 percent, with U.S. funds making major investments.
77​ RUSSIA Country Report​ December 2019 ​ ​www.intellinews.com