Coming up this week: Earnings from JPMorgan Chase, PepsiCo, Citigroup, Delta Air Lines, and Wells Fargo will be released. CPI from China, Russia, Germany, the US, and France will be reported. UK and Japan industrial production figures will be revealed. - Sky-Tide Marketing

Coming up this week: Earnings from JPMorgan Chase, PepsiCo, Citigroup, Delta Air Lines, and Wells Fargo will be released. CPI from China, Russia, Germany, the US, and France will be reported. UK and Japan industrial production figures will be revealed.

July 8, 2024

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.