25.09.2022
Chicago 11, Melborne City, USA
Market

The Central Bank will limit the issuance of mortgages with a down payment of less than 10%

According to the regulator, this carries increased risks for banks – such loans are not taken by the most solvent borrowers. The basic condition for any mortgage loan is a down payment, almost always at least 15-20% of the cost of housing. But for some time now, banks have begun to reduce it again – […]

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Market

The Central Bank calls on banks to abandon mortgages at 0.1% per annum. It’s a marketing ploy

Programs with subsidies from developers are offered by many banks, but the Central Bank believes that this is unacceptable. At a press conference after the decision to reduce the key rate, the head of the Central Bank, Elvira Nabiullina, drew attention to mortgage programs at rates of about 0.1% per annum. Similar offers come from […]

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Market

The cycle is completed: the Central Bank cut the rate to 7.5%, further forecasts show its growth

The regulator could cut the rate for the last time in this cycle, and experts predict its increase as early as 2023. Another reduction in the key rate to 7.5% per annum took place at a meeting of the Central Bank on Friday, September 16. After the meeting, the head of the Central Bank, Elvira […]

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Market

The Central Bank plans that by 2030 Mir cards will be accepted in 30 countries of the world

Now cards are accepted only in 11 countries outside the Russian Federation, and the expansion of the payment system may be hindered by US sanctions. The Central Bank shared plans to expand the geography of accepting Mir cards. It is expected that by 2025 the number of countries connected to the system will increase to […]

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Forecasts

Experts predicted the reaction of the ruble to the decision of the Central Bank on the rate

MOSCOW, 16 Sep — PRIME. The ruble exchange rate will react little to the decision of the Central Bank of the Russian Federation on the key rate, now it is more dependent on other factors and, first of all, on a possible new budget rule being prepared by the Ministry of Finance of the Russian […]

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Forecasts

The Central Bank will require the return of money to deceived unqualified investors

The Bank of Russia has issued an instruction defining the procedure for suspending sales and return money to consumers in case of systematic violations of financial organizations, according to the website of the regulator. In particular, these measures will affect unqualified investors in cases where a financial institution has repeatedly violated the procedure for testing […]

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Market

Clients are suing banks – they do not issue currency even within limits from the Central Bank

The issuance of foreign currency from accounts is strictly limited by the Central Bank, but many Russians cannot receive their money even within the established limit. Many Russians faced severe restrictions on the issuance of cash currency after the introduction of new rules of the Central Bank. The requirements went into effect as early as […]

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Forecasts

Bank of America names S&P 500 stocks the worst short-term investment

Stocks of an exchange-traded fund focused on the S&P 500 index are “the worst thing you can do” own” in the current high-inflation environment, Savita Subramanian, head of equities and quantitative strategy at Bank of America Securities in the US, told CNBC. Subramanian says she likes Buffett’s buy and hold strategy, but not everyone is […]

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Market

The Central Bank and the FAS demanded that banks more clearly disclose the conditions of cashback

The departments considered that banks were too fond of advertising increased bonuses, which can be obtained only under certain conditions. The Central Bank and the FAS considered that Russian banks incorrectly disclose information about the conditions of cashback programs for their clients. According to Izvestia, the Central Bank and the FAS are already preparing recommendations […]

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Market

Up to 7.5% or even lower: analysts told how the Central Bank will cut the key rate this week

As a result of the next meeting of the Central Bank, the key rate is expected to be reduced due to low inflation and the need to increase lending. The next meeting of the Central Bank on monetary policy should be held on September 16, two months after the previous one. In particular, one of […]

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