Central Banks
Bank of Russia Says Local Markets Lifted by Geopolitical Hopes
The Russian central bank in Moscow.
Photographer: BloombergThis article is for subscribers only.
Increased expectations of a drop in geopolitical tension fueled gains for Russia’s financial markets last month, with the ruble notching up “significant” gains, according to the central bank.
“A positive trend was observed in all segments of the financial market,” the Bank of Russia said Monday in a report.