... of the population: even if nominal incomes are increasing, prices are rising faster, and people can afford fewer of the same goods. This is particularly hard on retirees and those on fixed incomes, as their earnings are effectively devalued. Second, high inflation creates economic uncertainty: businesses cannot accurately plan investments and expenses, raising the risk of project losses. The central bank must increase the key interest rate to "cool down" the market, making loans more expensive and slowing economic growth. Furthermore, during rapid devaluation of money, people tend to spend or invest their funds more quickly, which can lead to an overheating economy and new ...

... 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 capacities and heighten the risks of loan defaults. Macroprudential ...

... lower prices, while weak numbers will indicate the impact of macro factors and prompt the company to forecast more cautiously. NatWest Group – one of the largest commercial banks in the UK (formerly known as RBS). The Q2 report will demonstrate how high interest rates and the state of the UK economy are impacting NatWest's profitability. The Bank of England's rate increase to its highest level in recent years has brought banks growth in net interest margin, so an uptick in interest income is anticipated. A crucial ...

... changes in rhetoric could influence the yen and global risk appetite. 09:00 (Germany): Unemployment rate (July). An indicator of labor market health in Germany; stability here will support confidence in the European economy. 12:00 (Eurozone): Unemployment rate (June) and preliminary inflation data (CPI, July). Slowing inflation or rising unemployment will heighten expectations for EBC's soft policy, while high inflation figures will maintain pressure on the regulator. 15:30 (USA): Core PCE price index (June) and data on personal income/spending of Americans. The PCE index is a key inflation indicator for the Fed; its dynamics will largely dictate the further ...

... the longer the funds are deposited, the higher the ultimate rate will be. Users can withdraw funds at any time, as there is no contract term limiting them. UBRIR. This bank provides investors with a comprehensive range of deposit options, promising high rates not only for deposits in national but also foreign currencies. Additionally, if an investor refers a new client who then makes a deposit, they receive a bonus on their account. Post Bank. Pensioners can deposit their funds in this government financial ...