Igor Kuchma

The penultimate week of 2021 was rich in events. First thing first, the People’s Bank of China lowered the one-year prime lending rate to 3.8% from 3.85%. Moreover, it is expected that the Chinese central bank will continue easing its policy to curb the economic slowdown. No surprise the regulator recently cut the reserve requirement […]

With just less than two weeks before the new year, uncertainty in the financial markets continues to escalate. Investors fear that new mobility restrictions could affect fuel demand. If the mutated Omicron is indeed shown to have worrisome vaccine resistance and increased transmissibility, black gold prices are likely to correct further, dragging travel sector companies […]

This week it became known that miners have extracted 90% of the total amount of bitcoins. To be more precise, out of the 21 million bitcoins users have access to more than 18.9 million BTC. It is estimated that it will take 119 years to extract the remaining 2.1 million BTC. In this context, two […]

The identification of the new variant of the coronavirus in South Africa, identified as B.1.1.529, has triggered a veritable wave of panic in both financial markets and the real economy. The main fear was that the reintroduction of confinement and mobility restriction measures could end up triggering a new round of global growth slowdown. In […]

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One of the most discussed topics last week was the rise of inflation in the US. In the context of growing gasoline and food, prices the CPI skyrocketed last month to 6.2%, levels not seen since the 1990s. In the wake of the inflation figure, US President Joe Biden said that lowering inflation is one […]

As expected, the FOMC decided to start reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for mortgage-backed securities. Thus, purchases of Treasury bonds will be reduced to $70 billion and purchases of mortgage-backed securities to $35 billion per month by the end of November. At […]

Although Biden’s infrastructure bill hasn’t been approved yet, the rate of increase in the consumer price index has already reached highs of 2008. This could be mainly contributed to the economic recovery, energy crisis, supply chain disruptions, as well as chip and labor shortages. While understanding that inflationary pressures will not disappear any time soon, […]

One of the biggest surprises last week was the decision by the Central Bank of Turkey to lower the key interest rate by 200 basis points from 18% to 16%. As it couldn’t be any other way, the second in a row rate cut disappointed investor expectations and immediately caused the Turkish lira to fall […]

Earlier this year one of the biggest risks for the global economy was the appearance of new variants of coronavirus. Today, in turn, markets are mainly scared of inflationary pressures that are exacerbated by the energy crisis, bottlenecks and the labor shortage that affects companies throughout the developed world. According to the International Monetary Fund, […]