Event

OPEC in Algeria is over. According to news agencies, the exchange of views of the meeting participants led to a preliminary agreement on limiting the volume of oil production. Proposed to reduce the total oil production by 796 thousand barrels per day by OPEC member countries. The largest oil producer, Saudi Arabia, is ordered to […]

The regular meeting of the Board of Directors of the Bank of Russia was held last Friday. Its participants decided to reduce the key rate to 7.5 percent. The statement of the Russian Central Bank notes that short-term inflation risks have become weaker. Most likely, in 2018 the growth rate of consumer prices will be […]

Vienna hosted the event expected by the oil market participants – the meeting of OPEC.As a result of this agreement, the expected decision was made to extend the agreement on the reduction of oil production until April next year.The oil ministers of …

The chairman of the Fed Reserve, Jerome Powell, gave a detailed interview to PBS, which aroused interest among investors. He said that interest rates had not yet reached a neutral level. Markets took this statement as a signal that the Fed’s key interest rate will continue to rise in the near term. Powell noted that […]

Participants of the annual symposium in Jackson Hole were looking forward to the speech of the head of Fedresev Jerome Powell. His speech was also focused on investors and traders. Jerome Powell’s performance can be called optimistic in general. He began by stating that the recent normalization of monetary policy is well founded and justified. […]