New York - Kyiv, March 17 (PolitNavigator, Vasily Ablyazimov) - According to the American investment bank Goldman Sachs, ruble bonds are undervalued. Therefore, now is the best time for investors to invest in Russian government bonds, the bank believes. Goldman is confident that Russia could be a surprise for investors, they report German economic news.
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The publication reports: “The American investment bank Goldman Sachs recommends investing in undervalued Russian government bonds.”
“We believe that inflation in Russia will fall to a record low of just under 4% in 2016. We expect the Central Bank’s interest rate to decrease over the next eight quarters,” the bank’s analysts said. Goldman Sachs is confident that now is the best time to invest in the Russian securities market.
At the same time, analysts note that the escalation in Ukraine does not pose any significant danger to the stability of the Russian banking and financial system.