... stability of banks, their profitability and attractiveness to investors? In this article, we analyze the causes and consequences of the current situation, forecasts for the banking sector and possible strategies for investors in the context of a high key rate. High Stakes and Revoked Licenses: What Awaits the Banking Sector in Russia? The banking services sector in Russia is currently under close scrutiny, with the Central Bank revoking the license of BCF (Bank of Corporate Financing), a decision that ...

... may be justified by the long-term appreciation of the property, which compensates for interest costs. 3. The Desire to Lock in Rates for the Future Many Russians fear further increases in interest rates, as the Central Bank of Russia maintains a high key rate to combat inflation. According to the Bank of Russia, the key rate in November 2024 stands at 10%, with expectations that it may be raised. In such conditions, borrowers are keen to secure a mortgage to lock in the current rate, fearing that future ...

... 00:05 MSK. Expected change: +9.7%. Nordson Corp (NDSN): report at 00:30 MSK. Expected change: +1.9%. Thursday, December 12 Russia: Trade Balance (October) (16:00 MSK) Data shows the difference between exports and imports. The trade balance plays a key role in ruble exchange rate dynamics. Eurozone: European Central Bank Rate Decision (16:15 MSK) A key event for the currency market and debt instruments. Expectations concern signals about continuing or changing the monetary policy course. US: Producer Price Index (November) ...

... these events, their potential market impacts, and recommendations for traders and investors. Detailed Analysis of Key Events on Friday, December 6, 2024 07:30 MSK: India — Interest Rate Decision The Reserve Bank of India (RBI) will announce its key interest rate decision. Maintaining the current rate may indicate economic stability. A rate cut aims to stimulate growth but could pressure the Indian rupee, while a hike would strengthen the rupee but might dampen domestic demand. 10:00 MSK: Germany — Industrial ...

... bank deposits are minimal: the state deposit insurance system compensates for losses of ruble deposits up to 1.4 million ₽. Early withdrawal may result in penalties and the loss of some accrued interest. However, inflation and the dynamics of the key rate set by the Bank of Russia impact real yields—historically, the purchasing power of ruble deposits has declined. For instance, over the last decade, real income for deposit holders has decreased by almost 18%. Taxation. Starting in 2024, interest ...