MOSCOW, July 26 (Reuters) – The Russian central bank or investment company trimmed its key interest rate to 7.25% on Friday, as expected, and said more slashes were likely later this season amid slowing inflation. Russia needs lower rates as cheaper lending could rekindle its now sluggish financial growth. As inflation is now slowing to the 4% target and hovers well below double-digit readings seen a couple of years ago, the central bank has room to reduce rates further.
Friday’s cut became the next this season and was consistent with market targets. Twenty-three experts and economists who got a part in a Reuters poll unanimously predicted that the central bank or investment company would trim the pace to 7.25% from 7.50% at Friday’s meeting. The latest move puts the pace back at a rate where it was before a hike in September last year, something the central bank or investment company said was possible credited to abating inflationary pressure.
The next 25 basis point rate slice is currently possible in September but further easing would depend on inflation and financial growth and other dangers, said Dmitry Polevoy, main economist at Russian Direct Investment Fund. ING experts said they noticed scope for just one more 25 basis point cut in September and do not rule out another lower in December. Capital Economics research firm said.
The trouble demonstrated a muted a reaction to Friday’s rate decision, that was considered as interim since it was not followed by a news meeting by Nabiullina. Another rate-setting meeting on Sept. 6 will be accompanied by a news meeting at which Nabiullina will clarify the central bank’s monetary policy more.
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Contrary to the short-term perspective of most traders today, all the big money is made by catching large market moves – not by daytrading or short-term stock investing. 7. You must let your earnings run and cut your losses quickly if you are to have any chance of achieving success.
Trading self-discipline is not just a sufficient condition to generate income in the marketplaces, but it is a required condition. If you do not practice disciplined trading highly, you will not generate income over the long term. This is a stock trading system alone. 8. The Efficient Market Hypothesis is fallacious and is actually a derivative of the perfect competition model of capitalism. The Efficient Market Hypothesis at root shares many of the same false premise as the perfect competition paradigm as described by a well-known economist. An ideal competition model is not predicated on anything that is present on this earth. Consistently profitable professional traders have better information – and they act onto it simply.
Most non-professionals trade firmly on emotion and lose a lot more money than they earn. The mixture of superior information for some investors and the most common panic as loss mount caused by buying high and selling low for others creates inefficient marketplaces. 9. Traditional fundamental and technical analysis alone might not allow you to consistently generate income in the markets. Successful market timing is possible however, not with the tools of analysis that most people employ.
If you eliminate marketing, data mining, subjectivism, and other such statistical data and techniques manipulation, most trading ideas are losers. 10. Never trust the advice and/or ideas of trading software vendors, stock-trading system sellers, market commentators, financial analysts, brokers, web newsletter publishers, trading writers, etc., unless they operate their own money and have traded successfully for years.
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