Where ours did not insure // The Supreme Court stood up for arbitration managers of large debtors

The Supreme Court of the Russian Federation (SC) recognized the existence of a crisis situation in the field of liability insurance of arbitration managers (AI). The decision of the Supreme Court was made on a dispute about the possibility of removing the manager if he could not get additional insurance to manage the bankruptcy of … Read more

The Bank of England made its bet // The British regulator supported the trend towards tightening monetary policy

The Bank of England on Thursday, following the US Federal Reserve System and the European Central Bank, decisively raised the interest rate – by 50 basis points at once, to 1.75% per annum. This was the most significant increase in the indicator over the past 27 years. In this way, the regulator is trying to … Read more

Entrepreneurs and youth fell into consumer pessimism // Poll Monitoring

Consumer sentiment and expectations in Russia are at their highest since May 2018, the Central Bank said yesterday. Savings moods worsened somewhat (in July, more than 70% of respondents polled by order of the Central Bank could not put anything aside). At the same time, the share of the population that prefers to buy expensive … Read more

The Central Bank stepped over analysts // The key rate was reduced from 9.5% to 8%

On July 22, the Central Bank (CB) refuted analysts’ forecasts and lowered the key rate much more decisively than they expected: by 1.5 percentage points at once, from 9.5% to 8% per annum. Thus, the regulator reacted to the significant strengthening of the ruble and the decline in annual inflation. A significant reduction in the … Read more

Between inflation and recession // The ECB began to tighten monetary policy

The European Central Bank (ECB) raised key rates for the first time in 11 years – and immediately by 0.5 percentage points, which brought the deposit rate out of the negative zone. The reason for the tightening of monetary policy, which was twice as sharp as expected, was the continued rise in inflation in the … Read more

The ECB raised interest rates // Infographics

For the first time since 2011, the European Central Bank decided to raise interest rates by 50 basis points at once, to 0.5% per annum. Previously, a 25 bp increase was forecast. As explained by the head of the ECB, Christine Lagarde, this is due to a new assessment of inflationary risks. Earlier, against the … Read more

Rates on ruble deposits returned to the level of the first half of February // Infographics

The average maximum interest rate on ruble deposits in the ten largest banks of the Russian Federation, attracting the largest volume of deposits, decreased from 9.09% in the first ten days of June to 8.14% in the second, according to the materials of the Central Bank. Thus, it returned to the level of the first … Read more

Fed accelerates pace // Key rate rises at a record pace

The Open Market Committee of the Federal Reserve System (FRS) of the United States, following the results of the June meeting, announced an increase in the rate by 0.75 percentage points at once, to a range of 1.5-1.75%. The regulator explained such a sharp increase by maintaining high inflation in the US against the backdrop … Read more

The Central Bank lowered the key rate to 9.5% // Infographics

The Central Bank at a scheduled meeting on June 10 decided to reduce the key rate by 150 basis points to 9.5% per annum. The external environment for the Russian economy remains challenging and significantly limits economic activity. At the same time, the slowdown in inflation is happening faster, and the decline in economic activity … Read more