The Lastest Macroeconomic News
14.05.2021 13:48 Russian CPI slows in April, but no further relief seen till year-end
Russian CPI slowed by 0.3 ppt to 5.5% YoY in April and is likely to remain around that level until November-December, when the high base effect will become strong enough to overcome the persistent upward price pressures that are still present in the key consumer segments. Bank of Russia is likely to keep tightening at the coming meetings. The April CPI result of 5.5% year-on-year is in line with our forecast (consensus was split between 5.5% and 5.6%) and points at a deceleration from the March peak of 5.8% YoY. Higher base effect (in April 2020 the YoY CPI rate jumped 0.6 percentage points vs. March reacting to the pandemic/lockdown shock) is the sole factor of this slowdown.
06.05.2021 11:19 Gold as a tool for diversifying investments
Currently, many investors, having received profits from trading in the stock market, prefer to shift part of their money into gold, thereby protecting their own investments from inflation and other risks. This trend is noted by Andrei Zagorodny, Deputy Head of the Treasury at Tsentrokredit Bank. According to the expert, instability is present on the Russian stock market. The largest growth took place in the second half of 2020, when investors were actively investing in the shares of exporting companies, primarily steel producers. In the first quarter of 2021, investors took profits. Now the market is consolidating, many have withdrawn their capital and do not know what instruments to invest in in the future.
01.05.2021 13:45 Purchase of OFZs as an alternative to bank deposits
In 2020-21, due to a significant decrease in rates on bank deposits, which currently do not even catch up with inflation, private Russian investors began to pay more attention to the federal loan bond (OFZ) market. As a result, while some foreign investors left this market because of the sanctions, domestic ones, on the contrary, began to actively enter it. OFZ are securities issued by the Ministry of Finance of the Russian Federation in order to attract investors& funds. These securities are placed on the stock market and traded on the Moscow Exchange.
28.04.2021 17:47 Eurobonds are now available to everyone
In recent years, the placement of Eurobonds and investments in them has become more and more popular. So, in particular, according to the report of the Accounts Chamber of the Russian Federation, for 2020, despite the sanctions, the Ministry of Finance placed Eurobonds in the amount of $ 2 billion. At the same time, the placement was made at low interest rates, and the yield of securities was: with maturity in 2027 year - 1.125% per annum, in 2032 - 1.85%. The rates were comparable to those of other developing countries. About 40% of the total issue was purchased by domestic investors, which indicates the demand for such securities in the local market. The remaining 60% was acquired by foreign investors. The placement was completed in November 2020 and was deemed successful. Due to US sanctions, it focused on the domestic and European markets, and the demand for securities exceeded supply by 0.7 billion euros.
25.04.2021 17:07 Euro and US dollar volatility amid ECB policy discussions
The world`s leading currencies have shown heightened volatility between losses and gains this week as the forex market struggled to digest the ECB`s statements on future interest rates and evidence of a stronger-than-expected US economic recovery. The euro gained 0.1% on Thursday, even posting stronger gains at its peak, and then declining as Europe continued its monetary policy and left uncertainty about stimulus when the economy starts to grow steadily. Growth peaked at a time when Christine Lagarde, head of the ECB, announced "signs of improvement" in the economic uncertainty.
09.04.2021 11:43 Trading foreign stocks just got easier
In many countries of the world, foreign stock trading has been a very popular investment tool for many years. Such assets are bought not only by large international investors, but also by individuals. Shares of many large companies are currently traded on stock exchanges, and, for example, British or American investors have the opportunity to freely buy shares of Russian companies or companies from other countries.
01.04.2021 13:17 According to Forbes, CentroCredit Bank is one of the hundred most reliable Russian banks
According to Forbes, CentroCredit Bank is one of the 100 most reliable Russian banks. This became known after the publication of the updated rating by experts on March 25, 2021. In the list of “100 Reliable Russian Banks - 2021” by Forbes magazine, CentroCredit Bank took 71st place. The position is assessed as good for this credit institution, especially considering the other ratings and performance in 2020. The magazine's experts have compiled their rating on the basis of financial indicators, international and Russian credit ratings, studied recently.
01.04.2021 12:57 CentroCredit Bank ranks 13th in terms of efficiency in 2020
According to the results of 2020, CentroCredit Bank ranked 13th in the "Most Effective Banks" rating compiled by the Kommersant publication. The management of the credit institution noted the final position as a good result, especially given the fact that many larger banks, including state-owned banks, were left behind. The rating includes the 100 best Russian banks and is calculated taking into account such an indicator as the ratio of profit to the average size of assets in the reporting year.
21.03.2021 14:55 Kazakhstan`s economy will grow in 2021
The prospects for the economy of Kazakhstan for 2021 look pretty good. This is evidenced by recent forecasts published by reputable world organizations. Thus, the rating agency Fitch predicts that the country`s GDP will grow to 3.5% in 2021 after falling by 2.6% in 2020 due to the gradual normalization of economic activity, which is facilitated by plans for vaccination against Covid-19. A World Bank report predicts that Kazakhstan`s economy will grow by 2.5% in 2021 and 3.5% in 2022. Analysts note that 2020 is the most difficult year for the economy of the former Soviet state in the last twenty years. The pandemic has hit harder than previous crises in 2008 and 2015, halting economic activity and weakening global demand and prices for oil, Kazakhstan`s main export commodity. In 2020, the economy of Kazakhstan contracted by 2.6%. Retail (-7.3%) and transportation (-17.2%) saw the largest drop in activity due to travel and economic restrictions, while mining also fell 3.7%. In contrast, construction (+ 11.2%) and agriculture (+ 5.6%) grew.
18.03.2021 15:55 What`s in store for gold in 2021?
In 2020, the global economy faced a new challenge - the COVID-19 pandemic, which led to economic recession in most countries. As a result of the lockdown, many small businesses were forced to close, retail sales fell, and the need for raw materials and energy products decreased. Meanwhile, just at the peak of the pandemic in the middle of the year, gold reached its all-time high of more than $2.06 thousand per ounce. The interest in the yellow metal was understandable: investors used it as a safe haven where they could ride out the hard times. In addition, unprecedented measures to support the economy by governments increased the money supply, which was partially directed, among other things, to the commodity sector. As the pandemic weakened, the price of gold corrected slightly, but experts believe that 2021 will be a good year for the metal.
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