The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
A very interesting article which appeared in The Edge Financial Daily, February 4th which I would like to share out with every one, which is related to Feng Shui. Whether you all trade using the Feng Shui Index or not, it is still up to you because if Feng Shui is really that accurate, we will be seeing all the Feng Shui master as Top 10 richest in the world. However the article is indeed interesting. I do find myself on and off being superstitious (proven to be quite true especially when watch football with people that I consider bringing bad luck, as well as last year when I saw a "so-call" Feng Shui calendar for KLCI which says the market is not going to be good after April, in which I decided to take profit on one of my stocks, in which it continue to rocketing up after that). The article is as follow ... HONG KONG: The Dow Jones Index gained significantly in the previous year of the Golden Tiger in 1950, but Tiger years are typically marked by dramatic changes and even ...