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Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers

... 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,... ... Banks Sharply Reduced Credit Card Issuance in 2024 and What It Means for Consumers? In January 2024, Russian banks significantly cut credit card issuance and reduced limits on new cards, marking a notable shift in the financial market. According to data from ...

How does the key rate affect inflation?

... consumption. Increase in investment: it is cheaper for businesses to borrow to invest in expansion, production, and new projects. This stimulates economic activity and creates more jobs, which also increases demand and can lead to higher prices. A key rate cut is often used when the economy is slowing down and support is needed to stimulate consumption and investment. However, with a low rate, increased demand can lead to higher inflation. 3. Balance between inflation and economic growth The Central Bank ...

Economic Events and Corporate Reports - Monday, July 28, 2025 - OPEC+ Meeting, Dallas Fed Index

... countries are particularly attentive to key economic events and the release of corporate reports to assess the state of the economy and the profitability prospects of companies. The outcomes of these events will impact the stock market, oil prices, exchange rates, and overall business activity. Key Events on Monday, July 28, 2025: Meeting of the OPEC+ Ministerial Monitoring Committee, which will discuss compliance with oil production cut agreements. Publication of corporate reports, including second quarter and first half of 2025 results from several companies (e.g., TGC-1 and Safmar Financial Investments (SFIN) ). Completion of the tax period in Russia, which may impact export ...

Economic News August 17, 2025 - Global Markets, Inflation, and Company Reports

Economic news for Sunday, August 17, 2025: global markets remain at record levels due to slowing inflation and expectations of Federal Reserve rate cuts. Investors are monitoring macroeconomic indicators from the US, Europe, and Asia, the dynamics of oil and gold prices, as well as companies preparing for the end of the earnings season. The Russian market strengthened above 3000 points, the ruble ...

Economic Events and Corporate Reports - Monday, August 4, 2025 - Inflation in Turkey, Sentix Index

... trade situation (new import tariffs in the US have heightened uncertainty), forthcoming macroeconomic data, and signals from central banks. Many analysts have already factored in potential shifts in policies from leading regulators (expectations for a rate cut from the Fed have notably increased) and accounted for the anticipated strong financial results from major companies. Overall, markets are in a wait-and-see mode, preferring to avoid risks until macroeconomic signals and outcomes of scheduled events ...