HALISTER1: Citigroup Says Go Long RUB, Russia Bonds as Economy May Surprise

Citigroup Says Go Long RUB, Russia Bonds as Economy May Surprise

(Bloomberg) -- Makes recommendation before Bank of Russia rate decision on Friday, Luis Costa, head of CEEMEA FI & FX strategy, tells reporters in Moscow. ** NOTE: Bank of Russia to Resume Rate Cuts on Friday, Citigroup Says
  • Russian economy is taking advantage of weaker ruble, especially in agriculture, Citigroup’s economist for Russia Ivan Tchakarov
  • Skeptical Russia structural reforms implemented before 2018 elections: Tchakarov
  • Russian economy may surprise “to the upside” in 2016 thanks to oil: Citi’s chief economist Willem Buiter
  • Citi sees USD/RUB at 61.8 by yr-end
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Ivan Tchakarov (Citigroup Inc)
Luis Costa (Citigroup Inc)
Willem Buiter (Citigroup Inc)

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