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High Interest Rates and Revoked Licenses: What Awaits the Russian Banking Sector?
... consequences of the current situation, forecasts for the banking sector and possible strategies for investors in the context of a high key rate.
High Stakes and Revoked Licenses: What Awaits the Banking Sector in Russia?
The banking services sector in Russia is currently under close scrutiny, with the Central Bank revoking the license of BCF (Bank of Corporate Financing), a decision that has sparked widespread discussion about the state and prospects of the market. At the same time, interest rates on deposits and investments are significantly increasing, leaving many questions about ...
Credit Overheating in Russia: What It Is and How It Threatens Companies and Citizens
... creates increased pressure on the country's financial system and raises the likelihood of a financial crisis if companies or citizens fail to meet their debt obligations on time.
Credit Overheating and the Current Situation in Russia
Currently, the Central Bank of Russia is observing signs of credit overheating in the corporate lending market. As reported by the head of the department at the Central Bank, annual growth rates of loans in this sector remain high, exceeding 20%. This indicates that many companies ...
Countercyclical Capital Buffer: What It Means for Investors
The Central Bank of Russia is introducing a countercyclical capital supplement to banks from February 1, 2025, to stabilize the financial system and reduce the risks of credit overheating. What opportunities does this open up for investors, and how will the change in banking ...
Economic Calendar for Investors and Traders (December 9-13, 2024)
... rate.
EIA US Oil Inventory Data (18:30 MSK)
The official report on oil and petroleum product inventories often causes high volatility in the oil market.
Russia: Consumer Price Index (November) (19:00 MSK)
Inflation data will provide insight into the Bank of Russia's monetary policy prospects and ruble dynamics.
Brazil: Central Bank Rate Decision (00:30 MSK)
Investor interest is focused on the monetary policy course in one of the largest developing economies.
Key Wednesday Reports (US and Russia)
Pre-market:
Macy's Inc (M):
report at 14:55 MSK. Expected change: -2....
Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers
... decline in consumer activity. Let's explore why banks are forced to restrict access to credit, how this affects the economy, and what prospects the market holds in the coming months.
Why Are Banks Reducing Credit Card Issuance?
High Interest Rates
The Central Bank of Russia maintains a high key interest rate to curb inflation. High rates directly impact the cost of borrowing, increasing consumers' debt servicing expenses. Consequently, banks become more cautious, as high rates can negatively affect clients' payment ...