Russian banks have begun to sharply reduce the issuance of credit cards, which has caused a wave of discussions among experts and consumers. In this article, we analyze the reasons for this trend: from high interest rates and Central Bank restrictions to changing consumer preferences. Find out how this will affect the availability of loans, what consequences await the market, and what to expect in the coming months. Why Russian Banks Sharply Reduced Credit Card Issuance in 2024 ...

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 ...

... 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 ...

Tomorrow brings critical decisions from the central banks of Turkey and South Africa, shaping emerging market currencies and global trade dynamics. U.S. labor market data and EU consumer confidence reports will set the tone for market movements, while corporate earnings from tech giants like Baidu and ...

The week of 9–13 December 2024 is set to be pivotal for investors and traders, with significant economic data releases and central bank decisions poised to influence global financial markets. Key events include the U.S. Consumer Price Index (CPI) report, which will provide insights into inflation trends and potential Federal Reserve policy adjustments. The European Central Bank (ECB) ...