... 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 points (from 20% to 18% per annum) was more decisive than most analysts had projected. This move was facilitated by ongoing inflation slowdown: annual price growth slowed to ~7-8%, significantly below the peaks seen at the beginning of the year. In its accompanying statement, the Central Bank noted that inflation expectations among the population are decreasing, while consumer ...

... influence stock dynamics in the coming months. Russian Market: Company Reports and Dividends Strong results and local challenges: In Russia, several companies have reported robust results for the first half of the year. The chemical holding “PhosAgro” increased ... ... issue of dividends for 2024 remains unresolved, disappointing the market. Considerations for investors on the Moscow Exchange: In general, Russian investors are selectively inclined, favoring businesses with predictable profits and stable dividends. The macroeconomic background has slightly improved: inflation in July slowed to about 8.8% (down from over 9% previously), supporting the bond market (the RGBI index surpassed 120 ...

... year. Yearly inflation continues to slow: according to estimates from the Ministry of Economic Development, consumer price growth is on a trajectory of around 7.5% year-on-year—significantly lower than the peaks of over 12% last winter. The slowdown in inflation has opened up space for easing monetary policy. The Bank of Russia, in its accompanying commentary, noted the decline in inflation expectations among the population and weak consumer demand, allowing for an improved inflation forecast for the end of 2025 (to around 6-7% compared to previously expected 7-8%). The ...

... circulation period is 5 years. This instrument is available to qualified investors, and its preliminary collection of applications will begin on December 10, 2024. The emergence of silver bonds can have a significant impact on the debt securities market in Russia. In the context of rising inflation and instability of financial markets, pegging to the price of silver can become a way for investors to diversify their investments and protect their capital. Silver bonds are an innovative way of investing, combining the advantages of debt securities ...

... are strengthened. In such a scenario, the ruble will come under additional pressure. Key factors affecting the ruble to dollar exchange rate: Oil prices: Since Russia is a major energy exporter, lower oil prices or lower demand could weaken the ruble. Inflation in Russia: Domestic inflation at around 8.54% complicates the economic environment, making the ruble vulnerable. Geopolitical environment and sanctions: New sanctions or strengthening of existing ones could limit access to currency and increase pressure ...