CIS Fixed Income Daily

20 октября 2008 года

ussia: State financial support about to be put into force
This week the government and CBR began to implement the stabilisation measures announced in the past few weeks. On the back of the continuing closure of capital markets and ceasing bank lending the state's financial aid looks to be the only option to combat the market's fears and to ensure a soft landing for the economy.

Russia: Market discusses a possibility of rouble devaluation
Banks impose limits on exchange operations and withdrawals

Kazakhstan: Falling oil price could lead to a large current account deficit in 2009
Together with net capital outflows, this could exert high depreciation pressure on the tenge.