The Central Bank made an interest rate rebate above market expectations. However, by using a cautious tone in the text, it signaled that it would implement a tight monetary policy in the upcoming period.
🇷🇺 RUSSIAN BANKS WANT RATE CUTS BEFORE DEBT EXPLODES Russian banks made massive profits even with sky-high interest rates, but overdue loans are creeping up fast. The central bank may slash rates from 21% to 18% this week to cool off the debt drama. Top banks say they've got
If nuclear fusion makes gold generation cost-effective, fiat currencies will be issued additionally every year, leading to a dilution of value. Considering the three elements of currency—store of value, medium of exchange, and unit of account—the best method seems to be Bitcoin (and Lightning), which appears almost certain when taking into account the use of AI agents in the AI era.
A Morgan Stanley and Blackstone deal shows how top US banks are expanding their use of complex risk transfer deals to offload exposure from prime brokerage divisions, freeing up cash to lend to hedge funds in pursuit of a bigger share of a booming market.
Trump: There are alternatives to Powell, possibly three, and no pressure has been applied to Powell. Dismissing Powell would be a significant move, and I don't think it's necessary. I believe Powell will do the right thing. The exam question is here, who could the three people be? We just talked about it yesterday.
🔴 Reporter: Can the FED Chairman say things today that will make you pull back some of your criticisms? Donald Trump: I would really like him to lower interest rates.
BREAKING: The US M2 money supply surged +4.5% YoY in June to a record $22.02 trillion. This marks the 20th consecutive monthly increase and the largest increase since July 2022. The surge brings M2 closer to the 2000–2025 average annual growth rate of 6.3%. Additionally,