... 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 ...

This week brings a series of high-impact economic events for traders in the U.S. and Russia. From inflation and GDP updates in major global markets to central bank rate decisions and trade balance data, these events could set the tone for market movements. Key highlights include the FOMC and Bank of England rate decisions, China’s potential fiscal stimulus announcements, and U.S. consumer confidence indicators....

... investors, rising wages by itself is not a direct driver for the bond market, but the accompanying macro conditions (inflation and central bank policy) are key. In 2025, when nominal incomes are climbing at a record pace, inflation is still elevated – the Bank of Russia is keeping its key interest rate high. Yields on government bonds (OFZ) remain attractive under such circumstances. Investors anticipating a downturn in inflation by 2027–2028 might adopt a strategy of locking in these high yields: purchasing ...

... particularly relevant — without it, the further development of the industry is hindered. Regulator's Position: The Role of the Central Bank The key link in the issue of creating cryptocurrency infrastructure is the position of the Central Bank. The Bank of Russia has traditionally taken a cautious stance regarding crypto assets, fearing for financial stability and potential illegal capital movement. Nevertheless, after the legalization of mining, the regulator needs to decide how to organize the market ...

... monetary policy easing. Meanwhile, prices for safe-haven assets like gold remain near record levels, although risk appetite has slightly increased amidst progress in trade negotiations. Investors from the CIS are particularly focused on the Central Bank of Russia's unexpected sharp cut in the key interest rate, as well as macroeconomic signals from Europe and China. Below is a detailed review of key economic news as of July 26, 2025, prepared in a business style for investors. US Markets: Record Indices ...