... Supporting liquidity. An increase in the money supply helps avoid liquidity shortages in the banking sector. Reducing debt burden. With the growth of money supply, interest rates may decrease, facilitating debt servicing. Negative Risks: Acceleration of inflation. Excessive growth in money supply can lead to rising prices for goods and services. Currency devaluation. If the money supply grows faster than the economy, it can lead to a decline in the ruble exchange rate. Distortions in financial markets. Excess liquidity may lead to speculative asset price growth. What Should Investors Pay Attention To? The growth of money supply is a signal that investors should consider when shaping their strategies. Here are several key aspects: Inflation ...

... withdrawal. An advantage of ETFs is that they can be bought like stocks through a brokerage account. Other Assets Precious Metals (OMS). An unallocated metal account (OMS) allows investments in gold, silver, and other precious metals. Protection against inflation and crises makes gold a popular choice. Recent years have seen real returns in rubles of several percentage points per annum. Selling metals is straightforward at market rates (high liquidity), and profits are subject to a 13% income tax (similar to capital gains on other assets). Real Estate. Investments in residential or commercial real estate traditionally serve for long-term capital preservation. Rental income ...

What awaits the global economy and financial markets in 2025? In their latest Macro Outlook 2025 report, experts highlight key trends, including slowing economic growth, inflation challenges, and prospects for various sectors. Find out which regions will demonstrate resilience, where the main risks lie, and which investment strategies will be most effective in the face of global uncertainty. Macroeconomic Forecast ...

... moderate decline. Macroeconomic Factors (Fed Rates, Inflation, etc.) In 2022–2023, the global macroeconomic environment (rising inflation and tightening monetary policy) created headwinds for risk assets, including cryptocurrencies. However, by mid-2024, inflation in the U.S. began to slow down, and the Fed paused its interest rate hikes. Now, in May 2025, the market is closely monitoring the Fed’s actions: there are expectations of gradual rate cuts in the second half of the year if inflation remains under control. Easing monetary policy typically leads to an influx of liquidity into financial markets, which ...

... financial multiples, such as P/E (Price-to-Earnings), P/B (Price-to-Book), EV/EBITDA, and others, help compare a company with its industry competitors and estimate its market value. Macroeconomic Factors. Important macroeconomic indicators, such as inflation rates, interest rates, exchange rates, and GDP, can significantly influence the stock market and individual companies. News and Events. Corporate events such as mergers, acquisitions, new product launches, or changes in management can have a considerable impact on stock prices. 3. Software and Online Platforms for Analysis Modern technology ...