Why does low inflation not encourage the bond market?
Over the past five weeks, prices in Russia have increased by an average of 0.06% per week - significantly slower than the seasonal norm. This seems to be a good signal for investors. But the bond market hardly reacts, and the central bank is in no hurry to lower interest rates.
Investment banker and founder of the media system Bitcoin Yevgeny Kogan discusses what is behind the slowdown in inflation and why the Bank of Russia may maintain the pace in December.