... Bank (ECB) to consider tightening monetary policy, affecting the euro and European bond markets. 10:30 GMT: United Kingdom – Bank of England (BoE) Meeting Minutes The BoE will release the minutes from its latest meeting, providing insights into the central bank's monetary policy stance. Investors will look for indications of future interest rate changes, which can influence the British pound and UK financial markets. 13:30 GMT: Canada – GDP for Q3 2024 Canada will publish its GDP data for the third quarter. This report will provide insights into the country's economic health. Strong GDP ...

... trend over the week, reflecting both the dollar's strengthening in the global market and individual internal circumstances. In the longer term, the dynamics of emerging market currencies will depend on investors' risk appetite and decisions from leading central banks. Russia: Rate Cut Effect and Corporate Signals For the Russian financial market, the week ended with a major event – the Bank of Russia significantly reduced the key rate. The regulator's decision following the meeting on July 25 to lower the rate by 2 percentage ...

... preferred to take profit in yen; the Japanese currency hit its lowest values since 2022. In the emerging markets segment, currency trends remain under pressure from global factors. The Russian ruble weakened slightly over the week: the official exchange rate of the dollar set by the Central Bank of Russia for the weekend rose to ~79.55 ₽ (from ~78.86 ₽ the previous week). Pressure on the ruble intensified after the CBR lowered the key rate, as well as due to importers' demand for foreign currency against the backdrop of a recovery in ...

... rhetoric of central banks from the expected course. Stock indexes: In the morning, Asia-Pacific markets (the ASX in Australia, Chinese indexes) showed mixed dynamics – investors were digesting signals from the RBA and weak data from China (the PBoC rate released earlier remained unchanged). European indexes rose in the first half of the day, reflecting hopes for a dovish tone from central banks: the STOXX Europe 600 gained about 0.5%. The UK (FTSE 100) was also in the green thanks to Bailey's neutral speech. American stock markets opened with confident gains: investors were cheered by Powell's comfortable tone and several strong pre-market ...

... the market. Factors Contributing to Inflation Deceleration Monetary Policy of the Central Bank. The increase in the key interest rate limits access to credit for both consumers and businesses, leading to a decrease in consumer demand and inflation rates. This allows the Central Bank to control price growth and protect the ruble from external factors. Growth of Exports and Import Restrictions. The reduction in import volumes due to high interest rates decreases pressure on the domestic market. Russian exporters have, on the contrary,...