Opinion: what the Fed cut means for your wallet

On November 3, 2021, the Federal Reserve announced that it was ending the bond buying program it had put in place since March 2020. The Fed’s Policy Development Committee said it would immediately be “tapered” asset purchases of $ 15 billion each month. Central bank had bought $ 120 billion …

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SberBank grants more loans to 9M21 than to 12M20

During 9M21, SberBank strengthened its leadership in the consumer credit market in Russia, granting more than 2.1 billion rubles of general purpose loans (excluding mortgages and car loans), up 42% year-on-year and more than in 12M20. A record high was recorded in July-September when retail customers obtained nearly 800 billion …

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